Fundraising, or crowdfunding, is the newest method for business owners to make their dreams a reality.
Take three small business owners in Boston who are fundraising through Kickstarter to open a shared kitchen and specialty shop.
Caroline Huffstetler of Nutty Life, Michelle Wax, founder of Kitchen Millie Two-Bite Cookies, and Rita Ng, creator of Boston Bonbon, are hoping to open Local Fare in Arlington sometime in July with the help of a $10,000 Kickstarter campaign intended to fund sundry equipment and build out the new storefront.
Wax, also co-curator of Boston & Bale, a gift box delivery service, has dreamed of owning a storefront since she was a kid.
“…this really is (as cliché as it sounds) a dream come true,” Wax wrote in her Kickstarter campaign, according to Boston Magazine. “The primary use of the facility will be production for the revenue streams we’ve proven over the past year (wholesale, catering, online, etc.), but it will also allow us to test out the retail concept.”
Albeit small, clocking in at just 850 feet, the storefront needs little buildout. In addition, 400 square feet of the space is reserved for an eclectic retail store featuring such products as naturally-dyed napkins, coffee and teas, baked goods, and other locally-made gifts, as well as a sit down café eventually. Read more