Companies · Restaurants

Island Spot Unit 3, Llc

CARROLTON · Restaurants

Diligence memoA one-page analyst read on Island Spot Unit 3, Llc — recommendation, valuation, rhythm, risks.
$175K
Total raised · real
1
Rounds
0.2×
Latest step-up
Top 90%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Sep 12 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Island Spot Unit 3, Llc looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the restaurants sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.58× the median modeled value of Pre-Seed Restaurants companies in 2019–2021 (166 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.8 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Island Spot Unit 3, Llc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
7.0 yr record
Peak capital year was 2019 with $1.2M across 2 filings.
Market position
ahead of 11% of Restaurants peers
Capital scale is ahead of 11% of Restaurants peers; modeled value is above 18% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $1.2M across 2 filings.
  • Largest single filing was $1.0M on 2019-07-01.
  • Filing rows sum to $1.2M, while canonical raised total is $175K; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Restaurants

Island Spot Unit 3, Llc is one of 2292 Restaurants companies tracked from CARROLTON. By capital raised it ranks in the long tail (ahead of 11% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
6
Investors (latest)
2018
Year incorporated
2019-09-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2019-07-01 Raised $1.0M (real) Modeled valuation $4.4M (est)$1.0M$4.4MPre-Seed2019Pre-Seed · 2019-09-12 Raised $175K (real) Modeled valuation $765K (est)$175K$765KPre-Seed2019+$175KCumulative $1.2M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$1.0M · 2019
Pre-Seed extension$175K · 2019

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$765K
Base estimate est.
$98K
Conservative case
$8.7M
Upside case
$972K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the restaurants sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.4M · 2019-07-012019Pre-Seed · modeled $765K · 2019-09-122019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
25%
Survival probability
10% low · 46% high
1.21×/yr
Annual markup
1.64×/yr upside case
6.0 yr
Elapsed time used
6.8 yr actual, capped for stale marks
restaurants
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
Capital velocity
7.0 yr
On record since
2019
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2292 companies in Restaurants. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.2× of median
This company$175K
Sector median$900K
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.5× of median
This company$175K
Sector median$360K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$765K
Sector median$2.6M

Raised more than 11% of sector peers (real $). Modeled value above 18% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #133 of 166.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Art Haus LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Ranch Hand LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Goseek Llc · Pre-Seed Raised $1.0M · modeled $4.4M (est)LPVan, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Biscayne Bay Brewing Company, LLC · Pre-Seed Raised $1.0M · modeled $4.4M (est)Bowlounge Fw, Llc · Pre-Seed Raised $950K · modeled $4.2M (est)Fourfront, LLC · Pre-Seed Raised $945K · modeled $4.1M (est)Telluride Brewing Works, LLC · Pre-Seed Raised $1.0M · modeled $4.0M (est)Summit Coffee Holdings, LLC · Pre-Seed Raised $900K · modeled $3.9M (est)Thin to Win Entertainment, LLC · Pre-Seed Raised $900K · modeled $3.9M (est)Whgr2 Llc · Pre-Seed Raised $900K · modeled $3.9M (est)First Deli, LLC · Pre-Seed Raised $850K · modeled $3.7M (est)Island Spot Unit 3, Llc (this company) Raised $175K · modeled $765K (est)Island Spot Unit 3, Llc
CompanyStageRaised · realValue · estvs peer med.
Art Haus LLCPre-Seed$1.0M$4.4M3.33×
Ranch Hand LLCPre-Seed$1.0M$4.4M3.33×
Goseek LlcPre-Seed$1.0M$4.4M3.33×
LPVan, LLCPre-Seed$1.0M$4.4M3.33×
Biscayne Bay Brewing Company, LLCPre-Seed$1.0M$4.4M3.33×
Bowlounge Fw, LlcPre-Seed$950K$4.2M3.17×
Fourfront, LLCPre-Seed$945K$4.1M3.15×
Telluride Brewing Works, LLCPre-Seed$1.0M$4.0M3.05×
Summit Coffee Holdings, LLCPre-Seed$900K$3.9M3.00×
Thin to Win Entertainment, LLCPre-Seed$900K$3.9M3.00×
Whgr2 LlcPre-Seed$900K$3.9M3.00×
First Deli, LLCPre-Seed$850K$3.7M2.83×
Island Spot Unit 3, Llc this companyPre-Seed$175K$765K0.58×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$1.0M2019-07-01$5.6M$4.4M90%
Pre-Seed$175K2019-09-12$972K$765K90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$1.0M2019-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$175K2019-09-12
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~2mo cadence
$175K
Modeled next size est.range $175K$280K
0.2×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Richard Thomas2 other2019-07
Registry & provenance

Island Spot Unit 3, Llc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1786784
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
151 Proprietors LLCRestaurantsPre-Seed$175K$765Ksame sector · same stage
Agora523, LLCRestaurantsPre-Seed$175K$765Ksame sector · same stage
Apiary Beverage Company, LLC.RestaurantsPre-Seed$175K$499Ksame sector · same stage
Arena Patio Partners, LLCRestaurantsPre-Seed$175K$765Ksame sector · same stage
Bua Redrock LLCRestaurantsPre-Seed$175K$571Ksame sector · same stage
Canis Niveus LLCRestaurantsPre-Seed$175K$765Ksame sector · same stage
Dvsp, LlcRestaurantsPre-Seed$175K$765Ksame sector · same stage
Finance Concepts LLCRestaurantsPre-Seed$175K$765Ksame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
WBS Unit 3, LLCRestaurantsPre-Seed$330K89%
Cabin 3 Restaurant Group, Inc.RestaurantsSeed$956K87%
Paderia 3, LlcRestaurantsPre-Seed$1.8M87%
SpotMap, Inc.RestaurantsSeries A$41.0M87%
Grp 3, LlcRestaurantsSeries A$8.3M87%
3B Lodge VI LLCRestaurantsSeries A$14.0M86%
Drake's Holdings #3, LLCRestaurantsPre-Seed$1.9M86%
3G3 Investments, LLCRestaurantsSeed$406K86%
Frequently asked
How much funding has Island Spot Unit 3, Llc raised?
Island Spot Unit 3, Llc has raised approximately $175K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Island Spot Unit 3, Llc's estimated valuation?
Provath's modeled valuation for Island Spot Unit 3, Llc is approximately $765K (modeled range $98K–$8.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Island Spot Unit 3, Llc at?
Island Spot Unit 3, Llc's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Sep 12.
What does Island Spot Unit 3, Llc do and where is it based?
Island Spot Unit 3, Llc operates in the Restaurants sector, based in CARROLTON.
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