Neutral Ground

Relaunching a Favorite Chattanooga Restaurant

Claim My Business
Food & Beverage, Community & Lifestyle, Retail, Restaurant
Min Investment
Chattanooga, , TN
No. Investors

Key Deal Facts

Opening our first location, bringing award-winning Afro-Creole cuisine back to Chattanooga.
Offering investors a 1.5x return with an projected payback in 9 years (6% IRR).
Launched in June 2020 at Proof Bar & Incubator with $200k+ in sales in first full year 2021.
Successful expansion into catering and private events, generating $200k in sales in 2022.
Raising capital to open our first restaurant launching June 2024.
Targeting $900k in projected revenue in Year One.
Neutral Ground will help shape the culinary scene of Chattanooga and be a community hub.
Beyond the food, our vision is to inspire the youth in our community through food.

Management Team / Advisory Board Bios

Kenyatta Ashford Chef and ownerWinner of the Food Network's Chopped in 2021 - Awarded a Jean-Louis Paladin Work Study grant by the James Beard Foundation - Opened and operated Neutral Ground for two years during the Covid-19 Pandemic
Amount Raised : $147,600
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Research Reports

No reports have been submitted

Become a Reporter