811 CREPES

811 CREPES

Sexy Crepes. Good Times. Chill Vibes

We elevate daily experiences for college and young professional aged adults who need a place to study or party with friends. The knowledge of our leadership team and cooking and brewing staff, the needs of our patrons, and the gaps of cuisine and entertainment in our community enable and inspire us to serve our constituents. Our uniquely inspired model combines serving french-style crepes, smoothies, and coffee beverages in the morning with a late night dessert crepe destination that plays dance music and provides traditional college party games to patrons with a tech-oriented approach. Our...

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Security Type
Revenue Sharing
Industry
Food & Bev
Min Investment
$100
Location
Birmingham, AL
Offering Date
June 16, 2021
Expected Close Date
August 16, 2021
Amount Raised
$900
Security Price
$1

Use of Proceeds

  • Kitchen Equipment: $41,127
  • FF&E: $10,000
  • Security Deposit for lease agreement: $2,800
  • Initial lease payment: $2,800
  • Insurance: $2,500
  • Mainvest Compensation: $4,500
  • Miscellaneous and Unforeseen Costs: $5,000
  • Working Capital: $6,273

Management

Jibran “Brian” Ijlal Akhtar, Founder and CEO
Experienced in serving crepes and entertaining guests through food and parties. Other Companies Founded: The American Tennis Federation in 2016 (2016-2017)tennis tournament organization that created more competitive match play while also making players feel like pros-doubled number of tournament participants 100%. YoYStrategyTennis (August 2020 - Present)the world's first tennis player review website advanced tennis match tracker that tracks 30x more data than traditional match trackers. Allows people from anywhere in the world to see live scores of any match being tracked with more match details than other live score tennis apps. Web App Freelancer (April 2021 - Present)programs web apps for startup companies looking for rapid development to prototype and validate their ideas at below-market rates. Graduated from UAB in Entrepreneurship. Received Outstanding ENT Senior Award Top qualities. Data-oriented mindset. Hyper focused and highly driven. Creative Mindset. Ability to visualize 3D spaces in the mind (great for figuring out what the crepe shop will look like!)Experienced inTikTok Branding Social media marketing Startup company consulting Customer service. Cooking Crepes.

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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.

Key Deal Facts

Brian starts his first crepe business in Barcelona, Spain in his dorm room
Brian partners with a friend to sell crepes out of his friend's apartment
First catering event occurs at a loyal customer's house party
811 Crepes TikTok account reaches 80k followers
811 Crepes transitions to doing only catering and pop-up events
811 Crepes becomes 811 CREPES LLC

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