Acme by Full Circle
Restaurant
Overview
Raised: $8,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/25/2023
Close Date
12/08/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
6
% of Min. Goal
17%
% of Max. Goal
9%
Likelihood of Max
Avg. Daily Raise
$226
# of Investors
4
Momentum
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Acme by Full Circle is raising funds on Honeycomb. The food business is based in Fort Wayne, Indiana, and specializes in BBQ and pizza. Acme by Full Circle offers a diverse menu, including burgers and breaded tenderloins, and is known for its exceptional flavors. The business functions as a full-service restaurant with its diverse food menu and a selection of wine, beer, and liquor. Tim Longardner and Amy Longardner founded Acme by Full Circle in July 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to refinance high-interest debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$425,415 |
$238,269 |
|
COGS |
$207,363 |
$115,437 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-48,203 |
$-18,659 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$15,382 |
$339 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$82,908 |
$2,100 |
|
Short-Term Debt |
$25,212 |
$1,299 |
|
Long-Term Debt |
$161,587 |
$0 |
|
Total Liabilities |
$186,799 |
$1,299 |
Financials as of: 10/25/2023
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