ELI TEA BAR

Tea Room

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Form C
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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
WEST BLOOMFIELD, MI
Expected Close Date
January 31, 2022
Target Raise
$60.00K-$200.00K
No. Investors
109
Security Price
$1
Website
eliteabar.com
Number of Employees
1
Cash
$200,000
Revenue
$152,493
Short Term Debt
$0
Cost of Goods
$61,834
Long Term Debt
$0
Net Income
$-90,000

Company Description

Greetings we are raising additional capital for a second Eli Tea Bar in Chicago!
Eli Tea Bar is a specialty tea shop and sober bar with late-ish hours. We offer over 100 teas from around the world, tea lattes, kombucha, and bubble tea too.
We have had steadily growing year after year ( even through the pandemic) and need to expand in order to keep up with demand. This new Chicago location will allow us to increase our inventory 4x and also allow us access to a whole new city of potential wholesale clients!

Use of Proceeds


Inventory expansion
$160,000

Operating capital
$28,000

Mainvest Compensation
$12,000 Total $200,000
Amount Raised : $73,600
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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.

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