Robo Esso

Robo Esso

Coffee Shop

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Golden, CO
Offering Date
January 19, 2021
Expected Close Date
March 31, 2021
Target Raise
$35.00K-$70.00K
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 1/1/2026, regardless of revenue.

Company Description

Like many small businesses across the country, Matthew had difficult choices to make when it came to keeping his business open amid covid-19 restrictions. “The rule of thumb in the coffee industry is If you're not selling 200 cups of coffee per day you're not making money. Labor is simply too expensive, that is why you see so many small coffee shops, owner operated.” Says Matthew, who had to close his coffee business due to the pandemic. Small coffee shops are at the highest risk of closing due to the pandemic, Bloomberg reports that an estimated 7.3% of coffee shops will be closed permanently by the end of 2020.

“To survive I really felt like I had no choice but to try something drastic. I quickly learned how to program a robot to make drinks just like a human barista. That’s how Robo Esso was born” - Matt Jones

Using off the shelf equipment used by current coffee shops allows Robo Esso to customize it’s menu faster, offer more drink varieties and less expensive than any other robot coffee shop available today. Robo Esso’s goal is to make automation affordable and adaptable for small businesses and aspiring entrepreneurs.

Perks

The Robo Club - Invest $2,000 or more to qualify. 10% off drinks for the duration of the note
Friends of the Bot - Invest $5,000 or more to qualify. 10% off all menu items for the duration of the note

Key Deal Facts

Automation cuts labor costs
Automation allows businesses to pay employees higher wages
Automation increases customer service and customer satisfaction

Use of Proceeds

  • Second location buildout: $30,000
  • Dev: $20,800
  • Marketing/working capital: $15,000
  • Mainvest Compensation: $4,200

Management Team / Advisory Board Bios

Matthew Jones
Founder/CEO
Serial entrepreneur since high school. Co-founder of QRlicious, Buffawhale Coffee & THC University.

Dane Nelson
CTO
Mechanical Engineering degree from UCCS that has been working in industry for almost 3 years now and have coded for nearly 7.

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 1/1/2026, regardless of revenue.

Amount Raised : $6,600
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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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