The Moran Square Diner
Diner
Overview
Raised: $9,600
Total Commitments ($USD)
Platform
MainVest
Start Date
07/20/2020
Close Date
10/14/2020
Min. Goal
$20,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/13/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$113
# of Investors
22
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
The Moran Square Diner, a diner in Fitchburg, MA, is raising crowdfunding on MainVest. The diner was built in 1939 and had always been known for its great food and dining experience until it closed down in 2018. Brittany Rose Careau and Adam O’Neil Willoughby have bought The Moran Square Diner and plan to reopen it this fall. They aim to bring back the beloved local restaurant for the people of Fitchburg. The current round of crowdfunding has a minimum target of $20,000 and a maximum target of $50,000, and the funds will be used for equipment, renovations, tableware, and working capital. The Moran Square Diner has an excellent reputation and will be led by an experienced team with a lot of passion for food.
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: 07/20/2020
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