Plum Island Grill on MainVest

NEW AMERICAN RESTAURANT IN NEWBURY, MA

Raise to date: $200

Reporting Date: 02/16/2020

Key Stats

Minimum Raise

$75,000

Maximum Raise

$107,000

Likelihood of Max Unlikely
Start Date

02/13/2020

Stop Date

04/15/2020

Days Remaining

56

Security Type

Revenue Share

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

1

% of Minimum Raised

N/A

% of Maximum Raised

N/A

Dollars Per Day to Reach Max

$1,907

DPD* Committed

$67

DPD* Category

$0

DPD* All Companies

$1,124

Kingscrowd Momentum

$200

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Plum Island Grille, a new American restaurant in Newbury, MA, is raising funds on MainVest. The eclectic menu of the restaurant features fresh seafood, small plates, farm-raised meats, and gluten-free and vegetarian entrees. The food at Plum Island Grille is created using local, fresh, and simple ingredients. Plum Island Grille was founded by Chef Francis Broadbery in 2003. The restaurant plans to raise a minimum of $75,000 and a maximum of $107,000, and the funds will be used for financial restructuring. Plum Island Grille already has an average monthly revenue of $120,000, an average ticket size of $40 per person, and a profit margin of 8%. It also has a proven demand with a loyal customer base for the past 20 years.

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