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Security Type
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Debt
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Categories
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Social Impact, Restaurants, Community & Lifestyle, Food & Bev
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Min Investment
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$100
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Offering Date
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November 06, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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No. Investors
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93
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Security Price
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$100
- 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.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
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.