This equity crowdfunding platform is specifically for restaurants, so future customers can become capital-raising investors. Equity Eats also lets locals participate in the development of their neighborhood or city by enabling them to invest in future eateries they would want to eat at.
Entrepreneurs with viable business plans can fundraise for their new, hospitality-based venture by crowdfunding the capital their startup needs for future equity. Nearby community members can invest, turning their support into proof of concept. Like many other equity crowdfunding platforms, startups need to reach their goal before they can receive access to the collected finances.
Investors also get most of the profits until their original contribution is returned; afterwards they get a quarterly distribution. After all the investments are returned, EquityEats receives 1% of the profits as a managament fee.
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