Red's House

Red's House

THE FIRST AUTHENTIC CARIBBEAN RESTAURANT IN SAN FRANCISCO

Print
Claim My Business
Form C
View on Mainvest
Security Type
Revenue Sharing
Categories
Restaurants, Food & Bev
Min Investment
$100
Location
SAN FRANCISCO, CA
Offering Date
September 30, 2021
Expected Close Date
August 19, 2022
Target Raise
$15.00K-$200.00K
No. Investors
22
Security Price
$1
Investment Multiple
1.58×
Business’s Revenue Share:
0.2%-2.7%
Securitization
None
Maturity Date
March 31st, 2029
Website
EATREDS.COM
Number of Employees
2
Cash
$0
Revenue
$136,428
Short Term Debt
$0
Cost of Goods
$65,000
Long Term Debt
$0
Net Income
$14,752

Company Description

We are More than just a mother & son duo. Together we have created the ultimate Caribbean experience here in San Francisco. Red's house is a Caribbean Institution, inspired by backyard gatherings, where "time doesn't exist as we laugh, share dishes and tell stories".

Perks

5 Dinner Passes ( Good for 2 Guests) Invest $500 or more to qualify. 7 of 10 remaining-With these passes there will never be a wait when Red's opens it doors in San Francisco. There will always be a table available for our VIP, also the first 5 dinners are on us for you and a special guest.

PRIVATE EVENT WITH 40 ON US Invest $10,000 or more to qualify. 10 of 10 remaining

Key Deal Facts

Creating dishes through experimentation that not only display creativity and depth but push the boundaries of what Caribbean food looks and tastes like.
Share the heritage art of preparing and cooking traditional Jamaican dishes with San Francisco and Beyond.
Old meets New in this heritage driven Modern Caribbean eatery
Owned and Operated by Mother & Son

Use of Proceeds

  • Secure lease on proposed space
  • Operating Capital and equipment
  • Mainvest Compensation

Management Team / Advisory Board Bios

Christopher Russell, FOUNDER + CREATIVE + EXECUTIVE CHEF
Currently the Chef-owner of Red’s House. My Interests have evolved and my unrelenting passion for creativity has led me to Introducing the Caribbean flavor to the Bay Area. Further, I have over ten years’ experience in the sales industry, having worked my way up to Luxury sector Operations Manager. My expansive experience has prepared me for a path in the hospitality Industry.

Sharon Russell, CO-FOUNDER + FOOD DIRECTOR
Food Director and co-founder of Red's House. Owned and Operated a successful catering company in New York City.
Amount Raised : $6,100
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