7th Street Slider Bar

7th Street Slider Bar

American Restaurant

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Port Huron, MI
Offering Date
January 04, 2021
Expected Close Date
March 03, 2021
Target Raise
$10.00K-$20.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $170. They will owe you this amount by 4/1/2024, regardless of revenue.

Company Description

After years running restaurants throughout the Bluewater and Metro Detroit area, our team found an amazing location in downtown Port Huron. We took the plunge in March 2020 and launched 7th Street Slider Bar to overwhelming community support.

7th Street Slider Bar takes the fast-casual restaurant model and builds on it, with a rotating menu centered around sliders, appetizers, sides and more! Located next to the Active lounge in downtown Port Huron.

Key Deal Facts

Opening at the beginning of the pandemic, while presenting us with challenges, presented us with opportunities to adapt and expand.
Our menu is a mix of tried and true staples and unique offerings for those looking to try something new.
Our community support has been remarkable and we're excited to give the community the opportunity to share in our success by investing directly into a locally-owned restaurant.

Use of Proceeds

  • Re opening budget: $18,800
  • Mainvest Compensation: $1,200

Management Team / Advisory Board Bios

Zachary Meldrum
Owner
I've always measured myself by experiences not age. Starting as a dishwasher at 17 opening a restaurant, I quickly worked up to line cooking and running kitchens from the expo positions. At 21 I was managing for Red Robin and certified as the Training Kitchen Manager for all of South-East Michigan. I went on to open the likes of Bad Brads BBQ Orion Twp location, as well as the now defunct Lake Fx Grill. I was ultimately promoted to Multi-Unit within our restaurant group, the first person of its kind for the group. Ultimately leaving to accept a position for Director of Operations in a rapidly expanding Metro Detroit restaurant group. All these positions gave me the experience and skill sets necessary that when the opportunity to open 7th Street presented itself i knew i had to jump at the opportunity.

EJ Germain
Line Cook
This remarkable young man has been with us since Day 1. He is the most open minded, hard working young man I have met in a long time and does a stellar job day in and day out. I once bought him a shirt from Rodney Scotts BBQ Shop that says "Every Day is a Good Day" because it just summarizes his outlook on life and work and he makes all our lives better.

Dave Whitt
Line Cook
Dave joined our team mid summer and has been killing it ever since. He has years of kitchen experience and loves our ever evolving menu, and does a stand up job day in and day out. He was the missing puzzle piece that really allowed me to get freed up as an owner and i look forward to the great things that he wll continue to do with us.

Tonya Denton
Server
If you've been around Downtown for any amount of time chances are you know Tonya. One of the most optimistic, do good people I've ever met and a hell of a server/bartender/manager. Shes one semester away from her bachelors in social work and still gives her all to the restaurant every single day.

Angela Baird
Server
Angela has been with us since Day 1 and has really helped establish so many things out front. Her presence alone meant that i didn't to worry about how things were running out front because i knew she had it under control and is an excellent communicator which was incredibly important to have as the kitchen required most of my attention during the opening months. She is again one of those pieces of the puzzle that really frees me up as an owner.

Ryley Watson
Server
Ryley has also been with us since day 1! She is an awesome person and an awesome server. I believe attitude is so important when you work in a restaurant the size of ours and Ryley signifies all the positive attributes i look for in a server and we are pleased to have her and look forward to her future with us.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $170. They will owe you this amount by 4/1/2024, regardless of revenue.

Amount Raised : $15,500
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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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