Main Street Phoenix Workers Co-op

We turn local restaurants into worker-owned coops

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Security Type
Debt
Categories
Social Impact, Restaurants, Community & Lifestyle, Food & Bev
Min Investment
$100
Location
BOULDER, CO
Offering Date
November 06, 2021
Expected Close Date
April 30, 2022
Target Raise
$100.00K-$1.07M
No. Investors
93
Security Price
$100
Website
mainstreet.coop
Number of Employees
1
Cash
$63,448
Revenue
$0
Short Term Debt
$8,770
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-8,536

Company Description

We're restaurant & social enterprise vets building an employee-owned restaurant group. We've started in Denver, CO. Our long-term vision is to find Main Streets across America with large swaths of downtown real estate owned by real estate holding companies & hedge funds. . . . our strategy is about maintaining the independence of Main Street post-COVID by putting a worker-centered recovery strategy in motion.

Key Deal Facts

Raised $350K in investments, grants, donations; making 1st concept-proving acquisition now
Partnered w/ the Gates Family Foundation, multiple CO impact funds
Our virtual Restaurants Rising Summit ft. CO Governor Jared Polis, restauranteurs, founders
Plan to acquire & coop-ify 23 restaurants in the next 5 yrs, affecting 1100+ workers
Team experienced in rest. consulting, management, equity initiatives, worker advocacy etc.
Featured in NY Times, Fast Company, Impact Alpha, & beyond
Helping women, people of color, undocumented workers own a piece of the businesses they work for

Management Team / Advisory Board Bios

Marisol Lazo Flores, Managing Director
Spearheaded a restaurant resiliency program that equips minority and women-owned restaurants with financial, management, and operations resources. Expert in open-book management to increase profit sharing and employee engagement.

Jason Wiener, Founder + Board Chair
Founded nationally reputed B-Corp certified, public benefit corporation law firm focused on cooperatives, employee ownership, non-extractive finance, securities and solidarity economy law. Conceived of and founded Main Street Phoenix Project.

Andrew Newsome, Board Member, Main Street Phoenix
Strategy Director at Cleveland Can't Wait, a nonprofit leveraging technology and entrepreneurship to revitalize the City of Cleveland. Ex-Chief of Staff of Flynn Restaurant Group. Investing in small businesses to create more inclusive economies.
Amount Raised : $186,711
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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