Locals Bar and Grille
Restaurant Bar
Overview
Raised: $300
Total Commitments ($USD)
Platform
MainVest
Start Date
07/29/2020
Close Date
09/23/2020
Min. Goal
$25,000
Max. Goal
$55,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/22/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$5
# of Investors
1
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
Locals Bar and Grille, an upcoming restaurant bar in Haines City, FL, is raising funds on MainVest. It will be a Southern-inspired restaurant and bar in a casual setting and will offer cold beer, craft cocktails, and great food. Locals Bar and Grille is owned by Joseph Darigo and his wife, both with decades of experience in the restaurant industry. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $55,000. The proceeds will be used for space buildout, equipment, and operating capital. Locals Bar and Grille is led by a passionate team and has big demand in the area with no other restaurant in a 7-mile radius.
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: 07/29/2020
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