Data / Crowdfunding / Massachusetts / Brato Brewhouse & Kitchen LLC
Brato Brewhouse & Kitchen LLC: crowdfunding raise on MainVest, Inc., $10,000 to $50,000 (2020)
Brato Brewhouse & Kitchen LLC, a limited liability company in Cambridge, MA, filed a Form C with the SEC on November 12, 2020 to raise $10,000 to $50,000 in debt through MainVest, Inc.. The offering closed on January 20, 2021. In its most recent fiscal year it reported $321,913 in revenue and a net loss of $750,651, with 6 employees.
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- Website
- www.bratobk.com
- Funding portal
- MainVest, Inc.
- Address
- 142B WEBSTER AVE, Cambridge, MA 02141
- Legal form
- Limited Liability Company
- Jurisdiction
- MA
- Incorporated
- January 6, 2017
- SEC CIK
- 0001737242
Offering terms
From the offering filed November 12, 2020.
- Security
- Debt
- Price
- $1.00
- Target
- $10,000
- Maximum
- $50,000
- Deadline
- January 20, 2021
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed January 21, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $321,913 | $158,073 | sec.gov |
| Cost of goods sold | $246,435 | $58,678 | sec.gov |
| Net income | $-750,651 | $-84,110 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,656,691 | $1,108,891 | sec.gov |
| Cash | $21,557 | $917,415 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $18,741 | $15,348 | sec.gov |
| Long-term debt | $1,223,115 | $1,050,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| January 21, 2021 | Progress update | $10,000 | $50,000 | January 20, 2021 | At the close of the offering, the issuer closed on $39,400. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| November 12, 2020 | Offering | $10,000 | $50,000 | January 20, 2021 | sec.gov | |
| May 7, 2020 | Progress update | $25,000 | $107,000 | May 6, 2020 | At the close of the offering, the issuer closed on $42,900.00. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| March 20, 2020 | Amendment | $25,000 | $107,000 | May 6, 2020 | Issuer is increasing the maximum investment amount. Issuer is also updating their use of funds to account for the COVID-19 situation. | sec.gov |
| March 12, 2020 | Offering | $25,000 | $75,000 | May 6, 2020 | sec.gov | |
| January 15, 2019 | Progress update | $75,000 | $250,000 | December 22, 2018 | The total amount raised by Issuer in the offering is $104,100. | sec.gov |
| November 6, 2018 | Offering | $75,000 | $250,000 | December 22, 2018 | sec.gov |
Updated January 21, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.