CHIVANADA

CHIVANADA

LATIN AMERICAN RESTAURANT IN NASHVILLE, TN

LATIN AMERICAN RESTAURANT IN NASHVILLE, TN

Overview

Raised to Date: Raised: $5,100

Total Commitments ($USD)

Platform

MainVest

Start Date

01/16/2020

Close Date

11/30/2020

Min. Goal
$75,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/29/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$16

# of Investors

23

Momentum
Not Funded
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Murfreesboro, Tennessee

Business Type

Life Style

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%.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-50,380

$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: 01/16/2020
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CHIVANADA on MainVest
Platform: MainVest
Security Type: Debt

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