Southern Hideout

Southern Hideout

Food Truck

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
San Antonio, TX
Offering Date
December 31, 2020
Expected Close Date
March 03, 2021
Target Raise
$20.00K-$50.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 1/1/2027, regardless of revenue.

Company Description

Southern Hideout is looking to bring authentic Cajun and Creole food back to the Alamo City.

Southern Hideout’s menu features many Cajun favorites like jambalaya, gumbo, etouffee, catfish, cajun fettuccine, red beans & rice, po'boys, and chicken strips. We side items and beverages. Everything is made fresh to order and Southern Hideout does not use microwaves, heat lamps, or freezers.

Use of Proceeds

  • Food Trailer Purchase: $18,800
  • Additional Inventory: $10,000
  • Trailer retrofit and signage: $5,200
  • Marketing: $13,000
  • Mainvest Compensation: $3,000

Management Team / Advisory Board Bios

Nathaniel Chisley
Co-Owner
Nathaniel Chisley Jr is the leading co-founder, and will also serve as head chef. Nathaniel Chisley Jr, a seasoned I.T. professional, has been cooking since the age of six. Nathaniel has cooked for numerous holiday gatherings, and spent countless hours catering indoor/outdoor parties.

Ashley Chisley
Co-Owner
Ashley Chisley, the other co-founder of Southern Hideout, will act as sous-chef and chief of finding and maintaining affiliate business deals. Ashley has acquire outstanding customer service skill will working for Chick-fil-A. Through her efforts, we strive to bring a tier-one experience from friendliness to food quality to the greater Alamo city commmunity.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 1/1/2027, regardless of revenue.

Amount Raised : $1,400
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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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