- Security Type
- Revenue Sharing
- Categories
- Bakery
- Min Investment
- $100
- Location
-
RICHMOND, VA
- Expected Close Date
- February 11, 2022
- Amount Raised
- $35,000
- Target Raise
- $25K-$35K
- 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
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
Equipment
Working 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.