Salem Cycle and Marblehead Cycle

Bike Shop

Analytics

Raised to Date: Raised: $7,900

Aggregate Commitments $
Platform

MainVest

Start Date

07/05/2021

Close Date

07/12/2021

Min. Goal

$25,000

Max. Goal

$50,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Rolling Commitments $
Status
Not Funded
Reporting Date

07/11/2021

Days Remaining
Not Funded
% of Min. Goal

32%

% of Max. Goal

16%

Likelihood of Max
Not Funded
Avg. Daily Raise

$1,129

# of Investors

16

Momentum
Not Funded
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Location

Salem, Massachusetts

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

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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