Data / Crowdfunding / Tennessee / Local Eateries, Inc
Local Eateries, Inc: crowdfunding raise on StartEngine Capital, LLC, $15,000 to $1,235,000 (2025)
Local Eateries, Inc, a corporation in Nashville, TN, filed a Form C with the SEC on February 26, 2025 to raise $15,000 to $1,235,000 in common stock through StartEngine Capital, LLC. The offering closed on April 30, 2025. In its most recent fiscal year it reported $12,661,938 in revenue and a net loss of $5,181,250, with 3 employees.
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- Website
- www.porterroad.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 501 GALLATIN AVE, Nashville, TN 37206
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- July 12, 2017
- SEC CIK
- 0002022025
Offering terms
From the amendment filed February 26, 2025.
- Security
- Common Stock
- Price
- $2.50
- Target
- $15,000
- Maximum
- $1,235,000
- Deadline
- April 30, 2025
- Portal compensation
- 7 - 13 percent
Financials
From the Form C-U filed April 18, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $12,661,938 | $14,571,682 | sec.gov |
| Cost of goods sold | $11,204,352 | $11,328,707 | sec.gov |
| Net income | $-5,181,250 | $-2,054,762 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $2,532,803 | $4,024,252 | sec.gov |
| Cash | $1,019,976 | $1,227,761 | sec.gov |
| Accounts receivable | $121,994 | $126,829 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $11,491,554 | $8,086,645 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 18, 2025 | Progress update | $15,000 | $1,235,000 | April 30, 2025 | The Issuer closed on $1,122,013.01 and 497,745 shares. | sec.gov |
| February 26, 2025 | Amendment | $15,000 | $1,235,000 | April 30, 2025 | Issuer is extending their campaign end date to April 30th, 2025. | sec.gov |
| December 23, 2024 | Amendment | $15,000 | $1,235,000 | February 26, 2025 | Issuer is extending their campaign end date to February 26th, 2025. | sec.gov |
| October 21, 2024 | Amendment | $15,000 | $1,235,000 | December 23, 2024 | Issuer is extending their campaign end date to December 23rd, 2024. | sec.gov |
| August 14, 2024 | Amendment | $15,000 | $1,235,000 | October 21, 2024 | Issuer is extending their campaign end date to October 21st, 2024. | sec.gov |
| May 22, 2024 | Amendment | $15,000 | $1,235,000 | August 19, 2024 | Minor typological correction | sec.gov |
| May 21, 2024 | Offering | $15,000 | $1,235,000 | August 19, 2024 | sec.gov |
Updated April 18, 2025. 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.