Overview
Raised: $47,100
Total Commitments ($USD)
Platform
MainVest
Start Date
07/22/2021
Close Date
09/24/2021
Min. Goal
$45,000
Max. Goal
$70,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$748
# of Investors
27
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Philly’s on the Hill, an upcoming American restaurant in Richmond Hill, GA, is raising crowdfunding on MainVest. The restaurant will serve classic American comfort food, including Philly cheesesteaks, hot dogs, burgers, hoagies, Cuban sandwiches, and shaved ice. Angela Morales founded Philly’s on the Hill in June 2021. The current crowdfunding round has a minimum target of $45,000 and a maximum target of $70,000, and the funds will be used towards renovations, food products, rent, kitchen supplies, business signs, and interiors. Philly’s on the Hill aims to hire local people who will be courteous to the local customer base. The business will also use the best ingredients for authentic taste.
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: 07/22/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Philly’s on the Hill | 09/13/2022 | MainVest | - | $10,000 | Revenue Share | Not Funded | RegCF |
| Philly’s on the Hill | 09/23/2021 | MainVest | - | $47,100 | Revenue Share | Funded | RegCF |
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