40 Dreams Catering
Specialized culinary service
Overview
Raised: $42,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/14/2024
Close Date
05/11/2024
Min. Goal
$35,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/28/2024
Days Remaining
12
% of Min. Goal
120%
% of Max. Goal
84%
Likelihood of Max
Avg. Daily Raise
$3,007
# of Investors
16
Momentum
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Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
40 Dreams Catering is raising funds on Honeycomb. It is a specialized culinary service in New Jersey that caters to the dietary needs of senior citizens and disabled adults. 40 Dreams Catering operates within a Medicaid-funded program overseen by Managed Care Organisations and ensures that vulnerable populations receive nutritious meals at no cost. The business menu includes healthy and delicious meals crafted without added sugar and salt, and it serves communities with its distinctive approach to meal provision. Adrienne Fudge founded 40 Dreams Catering in April 2024. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for monthly payroll, repair of the current van, and operating expenses.
Summary Profit and Loss Statement
| FY 2024 | FY 2023 | |
|---|---|---|
|
Revenue |
$878,254 |
$503,780 |
|
COGS |
$17,068 |
$12,895 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$539,520 |
$70,594 |
Summary Balance Sheet
| FY 2024 | FY 2023 | |
|---|---|---|
|
Cash |
$3,240 |
$21,642 |
|
Accounts Receivable |
$181,181 |
$0 |
|
Total Assets |
$276,076 |
$47,423 |
|
Short-Term Debt |
$202,290 |
$123,689 |
|
Long-Term Debt |
$878,254 |
$503,780 |
|
Total Liabilities |
$1,080,544 |
$627,469 |
Financials as of: 04/14/2024
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