Use of Proceeds

The total project cost for Oxalis is estimated at $600,000 to renovate a second-generation restaurant space and pay for pre-opening expenses, leasehold improvements, professional services, and opening inventory. An additional $100,000 to $225,000 is needed for working capital and contingencies.

Oxalis has raised $418,438 in equity investments through April 2018.

Through this NextSeed campaign, Oxalis is seeking to raise a minimum of $100,000 and a maximum of $250,000.

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Key Terms

Issuer
Oxalis Food, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$100,000

Offering Max

$250,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.6x

Revenue Sharing Percentage

Up to 4.25%

4.25% of the Issuer's monthly gross revenue for the first 12 months of operation once the restaurant opens for business.

6.75% of the Issuer's monthly gross revenue thereafter.

Maturity 48 months
Payments

Monthly

Security Interest Blanket Lien
Ownership % Represented by Securities

0% Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

View the Issuer's SEC Form C filing

Revenue Sharing Summary

Once the Issuer commences operations, the Issuer will share a percentage of each month’s gross revenue with the investors as a group until they are paid in full.

  • Monthly Revenue Sharing Percentage (first year): 4.25%
  • Monthly Revenue Sharing Percentage (year 2 and beyond): 6.75%

Each investor will receive its proportionate share of the monthly payments made to the investors as a group.

Example:

Total Raise Amount: $200,000
You Invest: $2,000


Scenario 1:

Month: 9
Revenue: $150,000

The issuer will make a $6,375 payment ($150,000 x 4.25% = $6,375) to investors. Since you invested with 1% of the total amount raised ($2,000 / $200,000 = 1.0%), you would receive a $63.75 payment.

Scenario 2:

Month: 24
Revenue: $170,000

The issuer will make a $11,475 payment ($170,000 x 6.75% = $11,475) to investors. Since you invested with 1.0% of the total amount raised ($2,000 / $200,000 = 1.0%), you would receive a $114.75 payment.

*The calculations above are mathematical illustration only and may not reflect actual performance. They do not take into account NextSeed fees of 1% on each payment made to investors. The exact length of time that it will take the Issuer to pay each investor in full cannot be known in advance since the Issuer's actual revenues may differ from its reasonable forecasts. If any balance remains outstanding on the maturity date, the Issuer is contractually required to promptly pay the entire outstanding balance due to each investor. Payment is not guaranteed or insured and investors may lose some or all of the principal invested if the Issuer cannot make its payments.