Butter Roll Skate Shop

Butter Roll Skate Shop

Skate Shop

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Security Type
Revenue Sharing
Categories
Consumer Goods & Products
Min Investment
$100
Location
Ridgewood, NY
Offering Date
November 25, 2020
Expected Close Date
February 03, 2021
Target Raise
$40.00K-$60.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 10/1/2025, regardless of revenue.

Company Description

My community is already excited that Butter Roll exists as it is. During these difficult times, a physical shop by a native New Yorker will be so well received!

  • We have sold out of our first branded t-shirt which was limited edition of 30
  • During our Bushwick pop up, we sold a pair of skates that were just meant to be displayed
  • Last month, we released a Zine - edition of 15 - out of stock within days
  • Currently, we are just 3 hoodies away from being out of stock - edition of 25
  • Our social channels following continue to have an organic growth, gaining new followers each day

Key Deal Facts

We have sold out of our first branded t-shirt which was limited edition of 30
During our Bushwick pop up, we sold a pair of skates that were just meant to be displayed
Last month, we released a Zine - edition of 15 - out of stock within days
Currently, we are just 3 hoodies away from being out of stock - edition of 25
Our social channels following continue to have an organic growth, gaining new followers each day

Use of Proceeds

  • Employee Salary: $30,000
  • Employee taxes: $1,200
  • Working capital : $9,000
  • Build-out Space : $3,200
  • Inventory: $10,000
  • Marketing: $3,000
  • Mainvest Compensation: $3,600

Management Team / Advisory Board Bios

Amy 'amz' Collado
Founder/CEO
Amy 'amz' Collado is a cultural producer, housing rights organizer and creative director.She has more than 10+ of experience in experimental production, coordinating and sales.Amz's eclectic experience ranges from bridal consulting with bed Bath & Beyond to Events Manager & Art Consultant at Damien Hirst's Other Criteria in SoHo, NY. She lead successful crowdfunding campaigns which funded projects such as a short film project, gifts to disadvantaged youth, and wellness packages.Most recently, she co-produced a free community roller skate event in The Bronx in collaboration with other skate organizations. Past events include various skate activations in partnership with LeFrak Center at Prospect Park, producer of Barry's Gordy The Last Dragon - 30th anniversary celebration in partnership with TriBeCa Cinemas and much more.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 10/1/2025, regardless of revenue.

Amount Raised : $45,000
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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