Overview
Raised: $101,600
Total Commitments ($USD)
Platform
MainVest
Start Date
06/13/2021
Close Date
10/22/2021
Min. Goal
$50,000
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
$782
# of Investors
150
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Rangoon, a Burmese restaurant in Brooklyn, NY, is raising crowdfunding on MainVest. The restaurant serves authentic Burmese food, including vibrant salads, noodles, stew, curries, soup, and more. It brings comfort food made from simple and fresh ingredients with a casual and elegant atmosphere. Myo Moe and Daniel Bendjy founded Rangoon in February 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used to open a new location in NYC. Rangoon has a concise menu and minimalist interior design. It serves traditional Burmese recipes passed on from generations and beyond.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$375,558 |
$0 |
|
COGS |
$112,838 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$40,456 |
$-89,869 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,852 |
$4,973 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$25,825 |
$7,132 |
|
Short-Term Debt |
$62,817 |
$63,452 |
|
Long-Term Debt |
$203,770 |
$217,889 |
|
Total Liabilities |
$266,587 |
$281,341 |
Financials as of: 06/13/2021
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