Carolina Smoke
BBQ Restaurant
Overview
Raised: $4,000
Total Commitments ($USD)
Platform
MainVest
Start Date
01/21/2021
Close Date
04/07/2021
Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/06/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$53
# of Investors
16
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Carolina Smoke, a BBQ restaurant in Morganton, NC, is raising funds on MainVest. The restaurant offers high-quality smoked fresh meats in giant portions with sides and sauces. The meats are smoked overnight and served fresh every day, without freezing or reheating. Emily Dale and Jason Dale founded Carolina Smoke in 2018. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $250,000, and the proceeds will be used to add a second location, purchase new equipment, and upfit the building. Carolina Smoke is known for its gigantic portions that are large enough for the most voracious appetites. The restaurant generated revenue of $830,000 in 2020 and expects to generate $2.4 million in 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/21/2021
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