CHIVANADA on MainVest

LATIN AMERICAN RESTAURANT IN NASHVILLE, TN

Raise to date: $4,300

Reporting Date: 03/29/2020

Key Stats

Minimum Raise

$75,000

Maximum Raise

$107,000

Likelihood of Max Unlikely
Start Date

01/17/2020

Stop Date

04/30/2020

Days Remaining

31

Security Type

Debt

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

20

% of Minimum Raised

6%

% of Maximum Raised

4%

Dollars Per Day to Reach Max

$3,313

DPD* Committed

$60

DPD* Category

$2

DPD* All Companies

$980

Kingscrowd Momentum

$4,300

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Chivanada, a Latin American restaurant in Nashville, TN, is raising funds on MainVest. The restaurant currently operates as a food truck and offers Colombian food, drinks, and culture to the Nashville neighborhood. The specialties of Chivanada include beef dishes, cheese empanadas, fried plantain chips, yucca fries, authentic Colombian coffees and espresso drinks, and Colombian-inspired cocktails and sodas. Chivanada is owned by Kai Yarzagaray and Daniel Yarzagaray, experienced foodservice entrepreneurs. The current round of crowdfunding has a minimum goal of $75,000 and a maximum goal of $107,000, and the funds will be used towards the construction and build-out of the new physical restaurant, decor, initial goods, and operating capital. The food truck of Chivanada already has a proven demand with average monthly revenue of $10,264, an average ticket size of $11, and a profit margin of 18%.

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