The Boogie Down Grind
THEMATIC CAFE/BAR
Overview
Raised: $44,600
Total Commitments ($USD)
Platform
MainVest
Start Date
04/20/2020
Close Date
07/08/2020
Min. Goal
$30,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/11/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$572
# of Investors
115
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
1969
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The Boogie Down Grind, a thematic cafe and bar in South Bronx, NY, is raising funds on MainVest. It is a hip hop cafe that serves craft beers, specialty coffee, and light sides. The offerings of The Boogie Down Grind are top-quality, locally-sourced, and healthy, in addition to the hip hop hospitality experience. The Boogie Down Grind was founded by Majora Carter, with 20 years of experience in community development. The current crowdfunding campaign of the company has a minimum target of $30,000 and a maximum target of $50,000, and the funds will be used to survive COVID-19 and exhibit strong growth after the quarantine ends. The Boogie Down Grind is led by an experienced founder and has an average monthly revenue of $16,000.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$96,514 |
$268,575 |
|
COGS |
$63,273 |
$120,763 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-73,154 |
$-121,349 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,729 |
$29,685 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$21,214 |
$153,663 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$176,523 |
$339,846 |
|
Total Liabilities |
$176,523 |
$339,846 |
Financials as of: 04/20/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.