COLORS: Oakland
Early Stage
Oakland restaurant advancing livable wage opportunities in the industry
Overview
Raised: $29,611
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/13/2020
Close Date
12/04/2020
Min. Goal
$200,000
Max. Goal
$350,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$2,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/12/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$101
# of Investors
34
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
COLORS: Oakland, with a pre-money valuation of $2 million, is raising funds on WeFunder. It is both a restaurant and mission-driven enterprise aimed at the professional development of staff and students. COLORS: Oakland is expected to open in April 2020 in Oakland, California. It will serve Afro-Latinx food and will be a part of the Restore Oakland center. COLORS: Oakland was founded by Saru Jayaraman. The proceeds of the current round of crowdfunding, with a minimum target of $200,000 and a maximum target of $350,000, will be used towards pre-opening expenses, development of food and cocktail menus, operating capital, and furniture, fixtures, and equipment. The owners of COLORS: Oakland are the landlords of their building and are offering both a restaurant and training programs.
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: 02/13/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.