Data / Crowdfunding / Texas / Roostar Restaurant Group LLC
Roostar Restaurant Group LLC: crowdfunding raise on NEXTSEED SECURITIES, LLC, $50,000 to $150,000 (2020)
Roostar Restaurant Group LLC, a limited liability company in Houston, TX, filed a Form C with the SEC on September 10, 2020 to raise $50,000 to $150,000 in debt through NEXTSEED SECURITIES, LLC. The offering closed on December 15, 2020. In its most recent fiscal year it reported $1,729,845 in revenue and $173,459 in net income, with 20 employees.
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- Website
- www.myroostar.com
- Funding portal
- NEXTSEED SECURITIES, LLC
- Address
- 3000 WESLAYAN #305 REGISTERED AGENT - ANDREW BRUCE, Houston, TX 77027
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- November 5, 2012
- SEC CIK
- 0001803239
Offering terms
From the amendment filed September 10, 2020.
- Security
- Debt
- Target
- $50,000
- Maximum
- $150,000
- Deadline
- December 15, 2020
- Portal compensation
- 10% of the total offering amount; provided that NextSeed will only charge 5% of the amount raised from investors that were introduced to the NextSeed website by the Issuer.
Financials
From the Form C-U filed November 12, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,729,845 | $1,433,109 | sec.gov |
| Cost of goods sold | $545,004 | $548,301 | sec.gov |
| Net income | $173,459 | $197,074 | sec.gov |
| Taxes paid | $41,940 | $28,315 | sec.gov |
| Total assets | $106,900 | $423,466 | sec.gov |
| Cash | $79,426 | $59,981 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $9,223 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 12, 2020 | Progress update | $50,000 | $150,000 | December 15, 2020 | Issuer raised $150,000. The actual processing time to confirm the commitments may take longer than the filing deadline, and the total amount is our best estimate at this time. The actual amount may be lower. | sec.gov |
| September 10, 2020 | Amendment | $50,000 | $150,000 | December 15, 2020 | Fixed typo in Disclosure Statement in Use of Proceeds section. Offering amount and NextSeed fees updated to correct lower amount. Offering amounts are correct in all other instances. | sec.gov |
| August 31, 2020 | Offering | $50,000 | $150,000 | December 15, 2020 | sec.gov |
Updated November 12, 2020. 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.