Kin Tap and Rec Room

Kin Tap and Rec Room

RECREATION CENTER IN EVERETT, MA

RECREATION CENTER IN EVERETT, MA

Overview

Raised to Date: Raised: $89,400

Total Commitments ($USD)

Platform

MainVest

Start Date

01/01/2020

Close Date

04/16/2020

Min. Goal
$75,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.35X

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$851

# of Investors

52

Momentum
Funded
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Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Medford, Massachusetts

Business Type

Life Style

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.

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: 01/01/2020
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Kin Tap and Rec Room on MainVest
Platform: MainVest
Security Type: Revenue Share

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