Daughter
Wine Bar
Overview
Raised: $5,800
Total Commitments ($USD)
Platform
MainVest
Start Date
07/19/2020
Close Date
10/14/2020
Min. Goal
$35,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.80X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/13/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$67
# of Investors
26
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Daughter, an upcoming wine bar in New York, NY, is raising crowdfunding on MainVest. The new-age cafe/bar will offer good quality coffee, natural wine, and food, and will be a place to eat, drink, and relax. The bar will also focus on Circular Economy by upcycling and composting and using the recycled waste within the shop and community. Daughter was founded by Adam Jamal in June 2020. The proceeds of the current crowdfunding campaign, with a minimum goal of $35,000 and a maximum goal of $107,000, will be used for initial marketing, bar and kitchen equipment, construction, rental lease deposit, and payroll. Daughter will be the first natural wine bar in Harlem and is expected to open its doors in the winter of 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: 07/19/2020
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