-
Security Type
-
Revenue Sharing
-
Categories
-
Hospitality
-
Min Investment
-
$100
-
Offering Date
-
September 24, 2021
-
Expected Close Date
-
November 26, 2021
-
Target Raise
-
$50.00K-$100.00K
-
Security Price
-
$1
Company Description
A self-titled Bar on Greenpoint Avenue, Brooklyn serving craft cocktails, beer, wine and known to play good music any day of the week or time of day. The bar is locally-owned, Black-owned, and has a large space in the back that will include a stage and dance floor.
Key Deal Facts
Planning to add an enclosed outdoor space in addition to the patio.
The bar will be completely remodeled with an elegant, industrial style.
Serving beer, wine, liquor, cider and good vibes.
1,000 square feet in the back room that will be converted to a dance floor and stage.
Cold beer storage, dry liquor storage, and small office.
Use of Proceeds
- $120K investment in year 1 to hire, train, and pay quality people
- $95K year 1 cost of good sold
- $415K projected year 1 revenue
- 200 average daily customers (higher on weekends)
- 2000 sq. ft.
Management Team / Advisory Board Bios
Ibraheem Abdul-Malik, Owner
Ibraheem Abdul-Malik is a Senior Software Engineer and has worked at LinkedIn since 2017.
An engineering generalist, Ibraheem specializes in building web and mobile applications at scale. Ibraheem has more than 15 years of professional work experience in New York and San Francisco first starting his career as an Investment Banking / Equity Research associate before moving into Technology.
