Ethiopic Co

Ethiopic Co

Ethiopian Cafe & Restaurant

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Security Type
Revenue Sharing
Categories
Hospitality
Min Investment
$100
Location
Baltimore, MD
Offering Date
April 29, 2021
Expected Close Date
June 25, 2021
Target Raise
$25.00K-$150.00K
Security Price
$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.
Amount Raised : $73,000
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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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