Chewy's Bagels

Chewy's Bagels

Bakery

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Form C
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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
RICHMOND, VA
Expected Close Date
February 11, 2022
Target Raise
$25.00K-$35.00K
No. Investors
48
Security Price
$1
Investment Multiple
1.6×
Business’s Revenue Share:
1.8%-2.5%
Securitization
None
Maturity Date
July 1st, 2027
Website
chewysbagelsrva.com
Number of Employees
4
Cash
$1,200
Revenue
$18,860
Short Term Debt
$0
Cost of Goods
$9,400
Long Term Debt
$0
Net Income
$1,359

Company Description

Chewy's Bagels started as a project in the summer of 2019 to learn more about sourdough while working at a french style bakery. By fall I had outgrown my home kitchen and moved into Hatch Kitchen, a business incubator.

Use of Proceeds


Space Build Out
$10,900

Equipment
$12,000

Working Capital
$10,000

Mainvest Compensation
$2,100 Total $35,000
Amount Raised : $35,000
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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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