Alchemy SD

Alchemy SD

Closed: Mar. 2024

About this raise

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.

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Investment Overview

Invested this round: $26,213

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
01/23/2024
Close Date
03/11/2024
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

3.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Alfredo Hernandez Bermudez
Title
Co-Owner
Founder Name
Eduardo Cortes
Title
Co-Owner
Founder Name
Juan Saad-Quintana
Title
Co-Owner

Financials

 Revenue +1,893% YoY
$141,827
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$0
as of FY2022
 Gross Margin
71%
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/11/2024 Honeycomb - $26,213 Debt Funded RegCF
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Alchemy SD on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Alchemy SD may no longer be accepting investments.

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