Crazy Good Kitchen

Neutral
BETA

AMERICAN RESTAURANT

Analytics

Raised to Date: $12,500

Aggregate Commitments $
Platform

MainVest

Start Date

04/21/2020

Close Date

12/30/2020

Min. Goal

$100,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Pre-Seed

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

27

% of Min. Goal

13%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$56

# of Investors

20

Momentum
Location

Boston, MA

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Crazy Good Kitchen, an American restaurant in Malden, MA, is raising funds on MainVest. The restaurant serves high-quality food, including burgers, chicken sandwiches, acai smoothies, and milkshakes made from organic and locally-sourced meat, vegetables, and dairy products. The first location of Crazy Good Kitchen is doing well despite many limitations like no storage space and no liquor license. Crazy Good Kitchen was founded by Tony DeSouza and Selma DeSouza in January 2020. The proceeds of the current round of crowdfunding, with a minimum goal of $100,000 and a maximum goal of $400,000, will be used to fund expansion to the second location on Newbury Street in Boston. The new location of Crazy Good Kitchen has projected revenue of over $1.5 million in the first year of operations, with a profit margin of 40%.

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