OperationsJul 5, 2026
Seventh kitchen concept signed
A Peruvian rotisserie concept from a two-time local 'best chef' finalist signed its license agreement, leaving one stall to fill from the waitlist before opening.
All opportunities
Almost FundedRestaurants & Hospitality Fort Lauderdale, Florida
The Foundry Kitchen Collective
A chef-driven food hall with eight kitchen concepts and a central bar in Flagler Village.
Sponsored by Foundry Hospitality Group 187 members participatingLast updated Jul 5, 2026
Overview
Executive Summary
The Foundry Kitchen Collective converts a landmark 1940s warehouse in Flagler Village into an eight-concept food hall with a central craft bar and private event mezzanine. Members participate through a revenue-share structure: 6% of gross revenue is distributed quarterly until members receive 1.6x their investment, targeting a 13.8% annual return over roughly four years.
Project Description
The 14,500 sq ft hall houses eight chef-operated kitchen stalls (each on a percentage-rent license), a 40-seat central bar operated in-house, and a mezzanine event space bookable for private functions. The sponsor curates concepts, runs the bar and events, and manages the shared front-of-house.
Market Opportunity
Flagler Village has added over 4,000 residential units since 2021 with limited full-service dining. The neighborhood's demographics — young professionals with high dining spend — mirror those around the sponsor's Assembly Food Hall, which beat its year-two revenue plan by 18%.
Investment Thesis
Revenue-share structures pay from the top line, not profit — members begin receiving distributions in the first full quarter of operations, and the 1.6x cap defines the outcome clearly. The format is proven, the sponsor has done it before in a comparable neighborhood, and the lease is signed at below-market rent with two renewal options.
Current Status
Lease signed, permits approved, and build-out 40% complete. Six of eight kitchen concepts are under signed license agreements. Opening is targeted for Q4 2026.
Investment Highlights
Pays from revenue, not profit
6% of gross revenue is distributed quarterly beginning with the first full quarter of operations.
Defined 1.6x outcome
The structure self-liquidates once members receive 1.6x — no exit event required.
Proven playbook
The sponsor's Assembly Food Hall exceeded its year-two revenue plan by 18%.
Diversified concept mix
Eight independent kitchen operators plus bar and events — no single point of failure.
Below-market lease
Ten-year lease signed at an estimated 22% below current neighborhood asking rents.
Build-out already underway
Permits approved and construction 40% complete at the time of this offering.
Investment Terms
- Offering entity
- Foundry Kitchen Collective LLC
- Investment type
- Revenue Share
- Security type
- Revenue Participation Units
- Minimum investment
- $5,000
- Maximum investment
- $100,000
- Target raise
- $850,000
- Maximum raise
- $1,000,000
- Price per unit
- $500
- Target annual return
- 13.8%
- Profit split
- 6% of gross revenue shared quarterly until 1.6x returned
- Target hold period
- 4 years
- Distribution frequency
- Quarterly
- Offering deadline
- Aug 15, 2026
- Accreditation
- Open to all approved members
Financials
Sponsor projections — explore how the numbers move under different scenarios.
The sponsor's underwritten projection. All figures are sponsor projections.
Projected Revenue vs. Expenses
Projected Investor Distributions
| Five-Year Forecast | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $4,900,000 | $5,341,000 | $5,821,690 | $6,345,642 | $6,916,750 |
| Expenses | $4,067,000 | $4,433,030 | $4,832,003 | $5,266,883 | $5,740,902 |
| Operating Income | $833,000 | $907,970 | $989,687 | $1,078,759 | $1,175,848 |
| Cash Flow | $716,380 | $780,854 | $851,131 | $927,733 | $1,011,229 |
| Distributions | $394,009 | $429,470 | $468,122 | $510,253 | $556,176 |
Capital Stack
Total capitalization $1,450,000
Senior Debt$406K · 28%
Member Equity (The Circle)$850K · 59%
Sponsor Co-Investment$194K · 13%
Est. stabilized value
$2.4M
Projected exit value
$1.4M
Sources & Uses
Sources
- Equipment Financing$406K
- Member Revenue-Share Units$850K
- Sponsor Cash Investment$194K
- Total$1.4M
Uses
- Kitchen & Bar Build-Out$780K
- Furniture, Fixtures & Equipment$340K
- Pre-Opening Payroll & Training$130K
- Marketing & Launch$90K
- Working Capital Reserve$110K
- Total$1.4M
Model your investment
Your investment$10,000
$5,000 min20 units @ $500$100,000 max
Per quarterly payment
$275
Projected annual income
$1,100
Income over 4 yrs
$4,400
Projected value, yr 4
$16,771 · 1.68x
Portfolio fit: Hospitality would move from 21% to 24% of your committed portfolio with this investment.
Illustrative projection compounding the base scenario of the sponsor's target return over the full hold. Estimates only — never a guarantee.
Invest $10,000Business Plan
Business Model
Diversified revenue: eight kitchen licenses on percentage rent (no single-concept dependency), high-margin bar sales, and event bookings. If any stall underperforms, it is replaced from the sponsor's waitlist of 30+ vetted local operators.
Use of Funds
Build-out of kitchen infrastructure and shared systems, bar construction, furniture and fixtures, pre-opening staffing and marketing, and a working-capital reserve covering the first two quarters of operations.
Potential Exit Strategy
This is a self-liquidating structure: the investment concludes once members receive 1.6x their capital, projected in approximately four years. No sale event is required to achieve the target return.
Sponsor
Foundry Hospitality Group develops and operates chef-driven food halls and restaurant concepts across South Florida. The team combines restaurant operations experience with disciplined unit economics, favoring proven neighborhoods and revenue-share structures that align operators with members.
12
Years experience
7
Completed projects
2
Current projects
$34M
Total project value
Team
- MB
Marcus Bell · Founder & CEO
Opened seven food-and-beverage concepts; two regional 'best new restaurant' recognitions.
- SM
Sofia Marino · Director of Operations
Former multi-unit operator managing 11 locations and 400+ staff.
Previous projects
The Assembly Food Hall
Opened 2021 · surpassed year-two revenue plan by 18%
Brick & Barrel Kitchen
Opened 2019 · distribution-paying since month 14
Track record provided by the sponsor. Past performance does not predict future results.
Documents
The complete document room for this offering.
Project Timeline
Mar 2, 2026
Opportunity Announced
Opportunity introduced to The Circle with preliminary materials.
Mar 16, 2026
Member Preview Opened
Full data room, financial model, and sponsor Q&A opened to members.
Apr 1, 2026
Offering Opened
Commitments accepted from approved members.
Aug 15, 2026
Target Funding DateCurrent
Offering expected to reach its target raise.
Nov 15, 2026
Grand Opening
Capital deployed and the project moves into execution.
Feb 15, 2027
First Full Quarter Complete
Key operating milestone on the path to stabilized performance.
Apr 15, 2027
Projected First Distribution
First member distribution expected, subject to performance.
2029-2030
Projected Exit Window
Targeted period for sale, refinance, or other liquidity event.
Updates
MilestoneJun 2, 2026
Build-out passes rough inspection
Mechanical, electrical, and plumbing rough-ins passed city inspection on the first pass. Kitchen equipment deliveries begin in August.
Risks
Private investments involve substantial risk, including illiquidity and possible loss of the entire amount invested. Read every factor below before committing. Projected returns are estimates only and are not guaranteed.
Operating Risk
Day-to-day results depend on management execution, staffing, pricing, and customer demand. Underperformance against the operating plan would reduce distributions.
Market Risk
Economic conditions, interest rates, and local market dynamics may change and could reduce revenue, valuations, or the pace of lease-up and sales relative to projections.
Liquidity Risk
This is a private investment with no public market. Members should expect to hold their investment for the full target hold period; early liquidity is not guaranteed and may not be available at all.
Loss of Capital
Private investments involve substantial risk, including the possible loss of the entire amount invested. Members should only commit capital they can afford to lose.
Projection Risk
All financial projections shown are illustrative demonstration estimates prepared by the sponsor. Actual results will differ, and the difference may be material.
Sponsor & Execution Risk
Performance depends heavily on the sponsor's ability to execute the business plan, retain key personnel, and manage costs. Departure of key team members could adversely affect results.
Concept Turnover Risk
Individual kitchen concepts may close or underperform. While the sponsor maintains a replacement waitlist, vacancy between operators would reduce revenue during transition periods.
Regulatory Risk
Changes in zoning, licensing, tax, or securities regulation could affect the project's operations, timeline, or member distributions.
Economic Risk
Recession, inflation, labor shortages, or credit-market disruption could increase costs or reduce demand beyond what the sponsor has underwritten.
Exit Risk
The projected exit depends on market conditions at the time of sale or refinance. A delayed or lower-value exit would extend the hold period and reduce returns.
Questions
Frequently asked
Ask the sponsor
Questions and sponsor answers are visible to all members reviewing this offering.
Prefer a conversation?
Book a 15-minute call with the sponsor team about this offering.
Sponsor presentations and group Q&As are listed on the member events calendar.
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