40 Dreams Catering

40 Dreams Catering

Specialized culinary service

Specialized culinary service

Overview

Raised to Date: Raised: $50,000

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    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/25/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,220

# of Investors

24

Momentum
Funded
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Year Founded

2024

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Maplewood, New Jersey

Business Type

Life Style

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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40 Dreams Catering on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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