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Security Type
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Revenue Sharing
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Categories
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Hospitality
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Min Investment
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$100
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Offering Date
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April 29, 2021
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Expected Close Date
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June 25, 2021
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Target Raise
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$25.00K-$150.00K
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Security Price
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$1
Company Description
We can loosely be described as a quick-service Café house and Restaurant where customers grab a morning coffee, work on their computer, have a meeting and have dinner at night. The open space with original historic features and hand-crafted menu is our main selling point. The mixed-use development of the building will complete the café concept and restaurant, and the six-unit rental apartments will also bring in more revenue to reinvest in the company.
Key Deal Facts
We will fill a big void in the community as there aren't any other sit-down restaurants in the area
Strong community support for a new business concept and job opportunities for locals.
The mixed-use building will have 6 rental apartments above.We plan to manipulate our location by Union Square to our utmost advantage. Both tax incentives and high traffic due to the Medical school and proximity to the downtown will give us an edge as a new business.
Use of Proceeds
- Space build out : $100,000
- Mainvest Compensation: $9,000
- Furniture & Fixtures: $41,000
Management Team / Advisory Board Bios
Meseret Bekele, Owner and manager
11 plus years in the restaurant field. Our team is made of up of prior consultants, HR experts and MBA graduates. Our historic building went through a major renovation and ready to be transformed into a beautiful, unique, and welcoming establishment.