Have you ever wanted to own a business without all the headaches of owning a business? Now you can as several local food and beverage businesses are using crowd funding to raise money for expansion or relocation. In some cases is an investment where you should get a return on your investment and some your just giving you’re money to support the local business.
A business sets a goal of how much they want to raise and a deadline to raise the money. If the goal isn’t raised in the time frame your money is refunded. Several companies handle crowd funding campaigns such as Indiegogo and SeedInvest & Mainvest help raise money as an investment. All hold money until the goal is met and then release the money to the business. Some choose to self-raise the money themselves and as with any transfer of funds one should do their due diligence before contributing or investing.
Who’s crowd funding around Phoenix
The gourmet loaded fries company working out of a cloud kitchen is looking to raise $65,000 for a concession stand, trailer and equipment to expand and become a mobile concept.
“Everything worthwhile starts as a dream and dreamers are the hardest working people we know,” says Marrero, co-founder with Patrick Wills of Tap That Concepts, which owns and operates Kitchen 602 and Tater Traderz.
“We’re ready and eager to get to work! Even so, it takes more than that. It also takes community, support, and capital; that’s why we’re coming to you. Dreams can be expensive. Our team is truly passionate about what we’re doing and believe that Tater Traderz can change the way everyone enjoys food.”
For more information and to help them reach their goal head to their Indiegogo page.
The north Scottsdale health conscious restaurant and market is looking to expand by raising $75,000 with the investors set to receive 1.7x their investment in return.
“We love our little farmers in AZ and our great partners in middle America that create the best environment for the animals and for climate change. We are looking at growing our grab and gourmet market with keeping our purpose and mission in mind. We are expanding and adding new items as well as in plans to create a stand-alone marketplace near you!” Co-owners Nico and Nick.
Their Mainvest page has all the details.
The Mesa based cidery is looking to raise $300,000 due to some unfortunate circumstances with their Gilbert location they opened 2 years ago. The story of why and how you can help is found on their Goodbye 685 page of their website.