Angie's Vietnamese Cuisine

Angie's Vietnamese Cuisine

Closed: Apr. 2024

About this raise

Angie’s Vietnamese Cuisine is raising funds on Honeycomb. It is a mobile popup and catering business in Glenside, Pennsylvania that specializes in Vietnamese and Asian fusion cuisine. Angie’s Vietnamese Cuisine crafts dishes that blend traditional Vietnamese recipes with modern twists and serves high-quality dishes to its customers. The business increased its revenue by over 900% in two years and plans to expand further now. Lynh Pham founded Angie’s Vietnamese Cuisine in February 2024. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for new equipment, a van wrap, a branded canopy, a generator, and a trailer build.

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Investment Overview

Invested this round: $30,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
03/28/2024
Close Date
04/29/2024
Min. Goal
$25,000
Max Goal
$30,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Philadelphia, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Lynh Pham
Title
CEO

Financials

 Revenue +85% YoY
$148,870
as of FY2023
 Monthly Burn
Profitable
as of FY2023
 Cash on Hand
$2,986
as of FY2023
 Gross Margin
74%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$148,870

$80,262

COGS

$38,845

$18,279

Tax

$0

$0

 

 

Net Income

$53,291

$20,797

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,986

$19,281

Accounts Receivable

$0

$0

Total Assets

$2,986

$19,281

Short-Term Debt

$17,485

$19,624

Long-Term Debt

$5,002

$18,000

Total Liabilities

$22,487

$37,624

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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
04/29/2024 Honeycomb - $30,000 Debt Funded RegCF
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Angie’s Vietnamese Cuisine on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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