Kin Tap and Rec Room on MainVest

RECREATION CENTER IN EVERETT, MA

Raise to date: $89,400

Reporting Date: 04/05/2020

Key Stats

Minimum Raise

$75,000

Maximum Raise

$500,000

Likelihood of Max Unlikely
Start Date

01/02/2020

Stop Date

04/15/2020

Days Remaining

8

Security Type

Revenue Share

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

52

% of Minimum Raised

119%

% of Maximum Raised

18%

Dollars Per Day to Reach Max

$51,325

DPD* Committed

$951

DPD* Category

$0

DPD* All Companies

$917

Kingscrowd Momentum

$89,400

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Kin Tap and Rec Room, a recreation center in Everett, MA, is raising funds on MainVest. Kin Tap and Rec Room is an all-ages flexible venue for recreation, food, and drinks. The venue will combine a recreation area with a taproom offering six beers, six wines, two ciders, and cold brew on tap. The space can also be used as a party venue and a public living room. Kin Tap and Rec Room is owned by Elizabeth Castellana, a working mom with an extensive network. The current crowdfunding round has a minimum goal of $75,000 and a maximum goal of $500,000, and the proceeds will be used for location buildout, taproom buildout, fixtures and equipment, and operating capital. Kin Tap and Rec Room is located in a prime location and will appeal to a large population of millennials. The business is expected to generate revenues of over $1 million in the first year of operations.

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