What is 112 Eatery?
112 Eatery is a notable dining establishment situated in Minneapolis, recognized for its diverse culinary offerings and an extensive wine selection. The restaurant caters to a broad spectrum of client needs by providing options for private dining and takeout services. Operating from Tuesday to Saturday, with service commencing at 5 PM, it positions itself as a prime destination for evening dining experiences. The availability of gift cards further enhances its customer engagement and market appeal.
How much funding has 112 Eatery raised?
112 Eatery has raised a total of $902K across 2 funding rounds:
Debt
$350K
Debt
$552K
Debt (2020): $350K with participation from PPP
Debt (2021): $552K led by PPP
What's next for 112 Eatery?
The recent major strategic investment indicates a phase of consolidation and potential expansion for 112 Eatery. This capital infusion is likely to be directed towards enhancing operational efficiencies, refining the customer experience, and potentially exploring new market opportunities or service expansions. The company's focus on private dining and takeout suggests a strategy to maximize revenue streams across different customer segments. Future growth may involve leveraging this strategic backing to solidify its market position and explore innovative hospitality solutions.
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