Alchemy SD

Alchemy SD

Food

Food

Overview

Raised to Date: Raised: $24,663

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/22/2024

Close Date

03/06/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/23/2024

Days Remaining

12

% of Min. Goal

41%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$771

# of Investors

20

Momentum
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

San Diego, California

Business Type

Life Style

Alchemy SD is raising funds on Honeycomb. It is a food business that combines traditional Mexican cuisine with global influences to create an extraordinary dining experience. Alchemy SD serves flavorful gourmet tacos that have won the company several awards and recognition from renowned publications. Alfredo Hernandez, Eduardo Cortes, and Juan Saad-Quintana founded Alchemy SD in August 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for restaurant equipment and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$141,827

$7,115

COGS

$41,601

$1,235

Tax

$0

$0

 

 

Net Income

$23,649

$-1,249

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-15,298

$-9,261

Accounts Receivable

$0

$0

Total Assets

$-18,345

$-3,142

Short-Term Debt

$-13,839

$150

Long-Term Debt

$-1,082

$0

Total Liabilities

$-14,921

$150

Financials as of: 01/22/2024
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Alchemy SD on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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