- Security Type
- Revenue Sharing
- Categories
- Tea Room
- Min Investment
- $100
- Location
-
WEST BLOOMFIELD, MI
- Expected Close Date
- January 31, 2022
- Amount Raised
- $73,600
- Target Raise
- $60K-$200K
- No. Investors
- 109
- Security Price
- $1
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!
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
Operating capital
Mainvest Compensation
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.