Salem Cycle and Marblehead Cycle
Bike Shop
Overview
Raised: $7,900
Total Commitments ($USD)
Platform
MainVest
Start Date
07/04/2021
Close Date
07/12/2021
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/10/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,129
# of Investors
16
Momentum
Not Funded
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Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Salem Cycle and Marblehead Cycle, a bike shop in Salem, MA, is raising funds on MainVest. The business sells, services, and repairs bikes. The company deals with electric bikes, folding bikes, and cycling accessories. Daniel Shuman founded Salem Cycle and Marblehead Cycle in December 2013. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $50,000, will be used to introduce mobile repairs services and pay for inventory. Salem Cycle and Marblehead Cycle offers great value, attentive service, and quality workmanship to its customers. It plans to grow the business by facilitating delivery and pickups to add convenience for its customers.
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