Petrolhead Café

Petrolhead Café is seeking investment
to launch our brick and mortar location in the Hartford's Parkville neighborhood.

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Security Type
Revenue Sharing
Categories
Hospitality
Min Investment
$100
Location
WEST HARTFORD, CT
Expected Close Date
March 08, 2023
Target Raise
$10.00K-$80.00K
No. Investors
55
Security Price
$1
Investment Multiple
1.5×
Business’s Revenue Share:
0.5%-4%
Securitization
None
Maturity Date
December 31st, 2029
Number of Employees
1
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

Petrolhead Cafe is launching in the Parkville neighborhood of Hartford, Connecticut in early 2023. By utilizing the Hart Lift grant program from the City of Hartford, we are able to complete our build-out without taking on any debt. Your investment will become opening wages for employees, purchasing of initial inventory, and initial working capital. We encourage you to visit the Data Room for financial information.

Perks

Petrolhead Café is offering perks to investors.You earn the most valuable perk available based on your total investment amount in this business. You will not also receive the perks of lesser value, unless specified below.

Cult of Speed 1-year Membership

Invest $100 or more to qualify.Unlimited available
Membership to the Cult of Speed, an exclusive club that provides members with discounts, special merchandise, VIP access at special events, and first choice of tickets to said events. (1-year membership)



Cult of Speed 3-year Membership

Invest $500 or more to qualify.Unlimited available
Membership to the Cult of Speed, an exclusive club that provides members with discounts, special merchandise, VIP access at special events, and first choice of tickets to said events. (3-year membership)



Cult of Speed 5-year Membership

Invest $1,000 or more to qualify.Unlimited available
Membership to the Cult of Speed, an exclusive club that provides members with discounts, special merchandise, VIP access at special events, and first choice of tickets to said events. (5-year membership)



Cult of Speed 10-year Membership

Invest $3,000 or more to qualify.Unlimited available
Membership to the Cult of Speed, an exclusive club that provides members with discounts, special merchandise, VIP access at special events, and first choice of tickets to said events. (10-year membership)



Cult of Speed Lifetime Membership

Invest $5,000 or more to qualify.Unlimited available
Membership to the Cult of Speed, an exclusive club that provides members with discounts, special merchandise, VIP access at special events, and first choice of tickets to said events. (Lifetime membership)



Management Team / Advisory Board Bios

Kyle Mayer
Founder
It was in Chicago in 2015 when Kyle first conceived the idea of Petrolhead Cafe after season-long efforts to watch motorsports at local bars. These efforts included phoning up venue after venue and asking them if they carried the uncommon cable TV channels on which races would be shown same-day, if not live. Recognizing a robust and passionate fanbase, as well as market changes away from cable TV and toward online streaming services for sports, Kyle knew he had to seize the opportunity at some point soon. That opportunity came in 2018.

However, between the conception of what would become Petrolhead Cafe, and the establishing of its LLC in Connecticut, Kyle gained 4 years of experience in marketing for Lagunitas Brewing Company, one the nation's largest producers of craft beer. At the same time, Kyle worked for a year as a server and bar tender at Beer House Chicago, a boutique bar featuring over 200 unique beers. Upon his return to Connecticut from Chicago, Kyle spent time as a server at Rockledge Grille and Beachland Tavern in West Hartford. Kyle's specialty as an entrepreneur in the service industry is in development and operation of robust beer programs for foodservice establishments.

Kyle's experience as a school teacher and coach also brings an assemblage of skills in personnel development, communication, and goal-oriented team management to Petrolhead Cafe. Furthermore, Kyle's experience as a property manager, overseeing the operations and financial health of multi-million dollar real estate portfolios has given him the business acumen to work effectively with budgets, staff and vendors to achieve performance objectives.

Kyle formed Petrolhead Cafe LLC, built his own business website, and spent 2019 marketing smoked brisket as a pop-up food booth, partnering with various organizations and businesses to serve food at their events and locations. Through this effort, Kyle gained experience in the requirements needed to operate a restaurant, including licensing with local Health Districts, obtaining a ServSafe Commercial Kitchen Manager Certificate, obtaining a Sales & Use Tax permit from the State of CT, obtaining foodservice insurance, and working with merchant credit card service providers and point-of-sale (POS) systems.
Amount Raised : $17,400
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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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