Test the Waters
Fort Defiance

Fort Defiance

The beloved restaurant in Red Hook, Brooklyn, has a bright future as a grocery and general store

Print
View on Wefunder
Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$250
Location
Red Hook, NY
Offering Date
March 28, 2021
Target Raise
$100.00K
Deal Notes
  • 2.5% of revenues
  • 1.25x payback multiple

Company Description

We offer organic produce, well-sourced fish and meat, fresh bread baked on premises,delicious prepared foods, rotisserie chicken, cold wine, beer, and cocktails, and more.Contactless pickups may be scheduled Wednesday–Sunday.

Key Deal Facts

Establish the new permanent home of Fort Defiance, a Red Hook, Brooklyn institution since 2009
Team with combined 40 years of experience as chefs and restauranteurs
Consistently praised by press, including the New York Times, Bon Appétit, New York Magazine, etc
Revenues have increased every year of business pre-COVID
New location has 2x square footage, 2x production space, and space for 40-person outdoor seating

Management Team / Advisory Board Bios

St John Frizell, Owner
St. John Frizell is an award-winning writer, bartender, and restauranteur. He opened Fort Defiance in 2009, and is opening Gage & Tollner (with partners Ben Schneider and Sohui Kim) in 2021.

Deal Notes

  • 2.5% of revenues
  • 1.25x payback multiple
Amount Raised : $0
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
Read Our Research Disclaimer

0 Comments

Post Comment