Project 1411
Commercial Kitchen
Overview
Raised: $14,600
Total Commitments ($USD)
Platform
MainVest
Start Date
07/06/2021
Close Date
10/18/2021
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$142
# of Investors
47
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Project 1411, an upcoming commercial kitchen in Baltimore, MD, is raising funds on MainVest. The business will operate as a community kitchen and event space in Southwest Baltimore. It will allow food entrepreneurs with a small customer base to expand their operations without the additional cost of maintaining a kitchen. Ashley Watson founded Project 1411 in June 2019. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $250,000, will be used to complete the construction of the kitchen. Project 1411 will support the community and help small businesses with commercial-grade equipment and shared kitchen space.
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: 07/06/2021
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