Bennett Street Eatery Financing
Bennett Street Eatery, Llc, Limited Liability Company just had published form D about $1.40 million equity financing. This is a new filing. Bennett Street Eatery was able to sell $650,000 so far. That is 46.43% of the offering. The total financing amount was $1.40 million. The private financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bennett Street Eatery is based in Alabama. The firm’s business is Restaurants. The form was filed by J Shore Gregory Jr Manager of HSBG, LLC, sole Manager of the Issuer. The company was incorporated in 2016. The filler’s address is: C/O Icob, 500 Commonwealth Avenue, Boston, Ma, Massachusetts, 02215. Hsbg, Llc is the related person in the form and it has address: C/O Icob, 500 Commonwealth Avenue, Boston, Ma, Massachusetts, 02215. Link to Bennett Street Eatery Filing: 000168692116000001.
Analysis of Bennett Street Eatery Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Bennett Street Eatery sold 46.43% of the offering. The fundraising is still open. The average investment offering size for companies in the Restaurants industry is $302,000. The total amount raised is 115.23% bigger than the average for companies in the Restaurants sector. The minimum investment for this financing was set at $100000. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Bennett Street Eatery Also
The Form D signed by J Shore Gregory Jr might help Bennett Street Eatery, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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