Mango Ba hia on MainVest

AMERICAN RESTAURANT IN PHILADELPHIA, PA


Key Stats

Minimum Raise

$80,000

Maximum Raise

$107,000

Likelihood of Max Unlikely
Start Date

01/15/2020

Stop Date

01/31/2020

Days Remaining

Closed

Security Type

Revenue Share

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Disappeared

# of Investors

Not Known

% of Minimum Raised

N/A

% of Maximum Raised

N/A

Dollars Per Day to Reach Max

N/A

DPD* Committed

N/A

DPD* Category

$0

DPD* All Companies

$1,137

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Mango Ba hia, another American restaurant in Philadelphia, PA, is raising funds on MainVest. The restaurant serves low-cost, vegan or vegetarian meals, with a philanthropic purpose. It provides food to the children in Kensington through the USDA Summer Lunch Program. The food of Mango Ba hia includes burgers, home-cooked style foods, and wholesome meals. The company was founded by Monica Wright, a community organizer and activist, and has been running the USDA free lunch program for two years. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $50,000, will be used towards architectural plans, payment of rent, renovations, stock and supplies, and payroll and to continue to be the USDA Summer Lunch Program vendor. Mango Ba hia opened the first restaurant in Philadelphia and achieved revenue of $14,000 in 2018 and $24,000 in 2019.

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