66 Greenpoint

Bar

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Form C
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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
BROOKLYN, NY
Expected Close Date
March 29, 2024
Target Raise
$40.00K-$124.00K
No. Investors
4
Security Price
$1
Investment Multiple
1.68×
Business’s Revenue Share:
0.4%-4%
Securitization
None
Maturity Date
September 30th, 2030
Website
66greenpoint.com
Number of Employees
1
Cash
$0
Revenue
$201,541
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-255,703

Company Description

Thanks for visiting our Mainvest page! On September 15, 2021, we began this journey to restore the abandoned Bar and Performance space at 66 Greenpoint Avenue. Watch this page for progress updates!

Key Deal Facts

Music: Hip-Hop, Jazz, R&B, Afrobeats, House Vibe: Industrial, dark, cozy, well-placed lighting Customers: Locals, foot traffic, industry crowd, diverse Performances: Jazz, Comedy, DJs, Small Bands Food: Bar snacks, late-night food

Management Team / Advisory Board Bios

Ibraheem Abdul-Malik, Owner Professional Experience Ibraheem Abdul-Malik is a senior Software Engineer and has worked at LinkedIn since 2017. An engineering generalist, Ibraheem specializes in building web and mobile applications at scale. Ibraheem has more than 15 years of professional work experience in New York and San Francisco first starting his career as an Investment Banking / Equity Research associate before moving into Technology. Education Harvard Extension School, Master of Liberal Arts, Computer Software Engineering, 2021 – 2025 The University of Texas at Austin, Bachelor of Business Administration (BBA), Marketing, 2008 ESCP Business School, Paris, 2008 Personal Ibraheem is an athlete and avid sports enthusiast. Obinna Okogbue, Investor David Altman, Investor

Amount Raised : $500
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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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