Pizza Grace

Pizza Grace

Pizza Place

Print
Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Chicago, IL
Offering Date
January 22, 2021
Expected Close Date
April 07, 2021
Target Raise
$85.00K-$120.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $200. They will owe you this amount by 1/1/2027, regardless of revenue.

Company Description

Pizza Grace is seeking investment to open it's first location in Chicago. Artistic approach to take out pizza from pastry chef Ryan Westover. Small footprint, manageable, profitable. Strong Branding, logo design by Studio Kuyl. Fine art turned graphic design. A name that resonates.

Use of Proceeds

  • website and app development: $2,500
  • Space build out: $20,000
  • legal and accounting fees, permits: $4,000
  • equipment purchase: $45,000
  • working capital: $25,500
  • custom packaging purchase: $8,500
  • pre-opening staff training: $3,600
  • pre-opening and opening inventory: $2,400
  • pre-opening NNN, waste management, utilities: $1,300
  • Mainvest Compensation: $7,200

Management Team / Advisory Board Bios

Ryan Westover
Owner/Chef Pizza Grace
About Ryan WestoverFounder/Chef of Pizza GraceRyan Westover is a long-time veteran of the food and restaurant industries. He began his career at two popular chains; Domino’s and Papa John’s where he learned the value of streamlined processes, systems, and manageability.Later he joined a NY-style pizza company based in Georgia and began working with more artisan-style pizzas and scratch made dough. Ryan then spent the next several years working with his father as a stone mason.During this time, he developed a strong identity as a creative. The craftsmanship, use of tools that changed little over the years, and permanent nature of masonry left a strong impression, but ultimately the kitchen came calling again. Ryan went on to work at Bridge Mill country club in Canton, Ga where he was exposed to a true scratch kitchen and learned the fine details of a full-service restaurant and event space. In 2009 Ryan left Georgia to pursue a career as a pastry chef, he graduated from Stratford University in Falls Church, VA in 2011.He worked at Sonoma Restaurant and Wine Bar in Capital Hill as a Pizza and line cook, while he was still in school.After graduation, Ryan went on to join Kimpton Hotels and Restaurants at Jackson 20 under Chef Dennis Marron, it was here where Ryan’s creative and simple approach to dessert began. When Chef Marron was transferred to Poste Modern Brasserie in Penn Quarter, he recruited Ryan to lead the pastry department. Under Chef Marron, he developed a style and approach that gained the attention of Food and Wine Magazine, placing Chef Ryan in the 2013 “The People’s Best New Pastry Chef” promotion. That same year he went on to win the “Brightest Young Things” Donut Fest, a donut competition attracting some of the city’s top chefs and donut shops.In 2015, Ryan was hired to head up the bakery at 1789, a longstanding DC institution. While there he was able to complete the Clyde’s Group Management Training Program learning the nuance of restaurant management with special attention to financial accountability.While at 1789, Ryan was recognized for his talents by the Washington Post, CBS DC, National Restaurant News, and was interviewed by StarChefs.com for their Rising Stars DC promotion. Not only did he gain recognition for his creative ability but also learned how to create and scale dessert production.The Bakery at 1789 also served as the dessert production kitchen for several other Clyde’s locations including The Old Ebbitt Grill, one of the most profitable restaurants in the country.After a brief stent as the Corporate Pastry Chef for MIC, Ryan went back to his alma matter, only this time a pastry chef instructor. For the next 2 years, he taught and helped develop budding pastry students. During this time, he focused his attention on rounding out his skill sets and pastry techniques. This is where he rekindled his passion for pizza.Chef Ryan taught several artisan breads courses during his time as an instructor. The pizza section of those courses gave him an opportunity to hone his pizza making skills. For the last five years, Ryan has been committed to researching, testing, and developing the “perfect” dough.For the past 2 years Ryan has been working at Itaberco, a dessert ingredient manufacturing company based in Baltimore, MD as the corporate pastry chef. He is involved in product development, sales, marketing, business development, and helps small business set up profitable dessert programs all over the country. At Pizza Grace, Ryan hopes to make his mark as a restauranteur and pizza maker. Grace has a unique approach to pizza and will feature 100% hand mixed dough, 100% naturally leavened, and will utilize whole wheat flours to add flavor depth and nutritional value.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $200. They will owe you this amount by 1/1/2027, regardless of revenue.

Amount Raised : $89,400
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.
Valuation

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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments