Ginjan Bros

Ginjan Bros

African inspired hospitality brand

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Security Type
Convertible Note
Categories
Food & Bev
Min Investment
$350
Offering Date
November 01, 2018
Expected Close Date
February 01, 2019
Target Raise
$10.00K-$1.07M
Deal Notes

Convertible Promissory Notes

$10M Valuation cap|15% Discount|6% Interest

12/31/2020 maturity date

Minimum $350 Investment

 

Notes convert to common stock when the company raises $1,000,000 in a qualified equity financing

Maturity Date: 12/31/2020

Valuation Cap: $10,000,000

Discount Rate: 15%

Annual Interest Rate: 6%

 

Maximum ($1,070,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes

Company Description

African inspired hospitality brand

Perks

$350-999 — Receive the Spirit Card (Yellow) that allows you 5% discount at Ginjan Café and drinkginjan.com + receive an extra card for friends and family + receive a shipped** case of Ginjan + enjoy a 5% discount code to share with more friends and family.

$1000-4999 — Receive the Energy Card (Green) that allows you 10% discount at Ginjan Café and drinkginjan.com + receive 2 extra cards for friends and family + receive a shipped** case of Ginjan + enjoy a 10% discount code to share with more friends and family.

$5000-24999 — Receive the Power Card (Amber) that allows you 15% discount at Ginjan Café and drinkginjan.com + receive 3 extra cards for friends and family + receive 2 shipped** cases of Ginjan as well as truly exclusive swag + enjoy a 15% discount code to share with more friends and family.

$25,000+ Receive the Vibranium Card (Slate) that allows you 20% discount at Ginjan Café and drinkginjan.com + receive 4 extra cards for friends and family + receive 2 shipped** cases of Ginjan as well as truly exclusive swag + enjoy a 20% discount code to share with more friends and family.

Use of Proceeds

It is self evident that the use of proceeds will be dictated by the amount raised. So instead of giving you a description of every possible scenario of how the capital will be allocated based on every value between $10K and $1.07MM, we'll focus on three scenarios: minimum ($10,000.00), medium ($500,000.00), and maximum ( $1,070,000); all amounts are before fees and expenses.

1. In case we hit the minimum of the target amount, ~ $10,000.00 minus fees and expenses

This will have no material impact on our current state. We will use all the proceeds to support our current marketing efforts.

2. In case we hit the halfway mark of the target amount, $500,000.00 minus fees and expenses

This will allow us to build out and open what will be the first of many company owed and operated Ginjan Cafes. It will also allow us to have a limited expansion of our wholesale distribution footprint in the New York City tri-state area.

3. In case we hit the full the target amount, $1,070,000.00 minus fees and expenses

This will allow to fully implemented our product, marketing, and operation strategies. We will be able to open the first of many Ginjan Cafes, possibly a second one within a year to 18 months; expand distribution in most of the northeast and nationally within the next 24-36 months; expand our product lines; and move up the supply chain in order to secure favorable pricing for all of our inputs, from ingredients to packaging.

Management Team / Advisory Board Bios

Mohammed Diallo - CEO and Director
Mohammed is the Co-founder and CEO of Ginjan Bros, Inc. He sets the vision, leads strategy, and ensures project execution and alignment with the company's goals. Mohammed’s background is in the financial and legal services. He spent 5 years advising clients on a variety of financial products at one of the nation’s largest and most historied insurance and financial services firms, New York Life. In addition to providing his expertise to help steer finances and oversee strategy for Ginjan Bros, he has for the last two years lent his skills to a high growth venture backed financial technology startup in NYC. Mohammed holds a B.S in Business Administration & Management from Mercy college, where he played collegiate soccer on scholarship. Upon successful completion of this round of funding, Mohammed will focus all of his efforts on realizing the full potential of Ginjan Bros, Inc. He currently spends ~ 30 hours per week on the company. Mohammed is an anime expert and loves music.

Ibrahima Diallo - COO and Secretary
Ibrahima “Rahim” leads operations full time for Ginjan Bros, Inc.

Rahim is a Materials Engineer by training, with ~ 10 years of experience in the hospitality industry dealing with food and wine purveyors in a variety of
specialties, including: Italian, Chinese, Mediterranean, West African, South African, & Irish. Rahim’s latest role was as a Food and Beverage Manager at an event space, bar and restaurant in Harlem with a turnover of over $1MM per year. Rahim holds a B.S in Biomaterials engineering from Michigan State University, and a Master’s in Materials Science, focusing on electrochemical devices, mainly fuel cells for transportation and power generation. Rahim is a member of the National Society of Black Engineers. Rahim is an avid reader and a fan of the art of motion pictures (kids today call it movies).

Deal Notes

Convertible Promissory Notes

$10M Valuation cap|15% Discount|6% Interest

12/31/2020 maturity date

Minimum $350 Investment

 

Notes convert to common stock when the company raises $1,000,000 in a qualified equity financing

Maturity Date: 12/31/2020

Valuation Cap: $10,000,000

Discount Rate: 15%

Annual Interest Rate: 6%

 

Maximum ($1,070,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes

Amount Raised : $182,800
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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1 Comment

Yuen Peters , 5 years ago

hi