Angie's Vietnamese Cuisine
Mobile popup and private catering business
Overview
Raised: $23,800
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/27/2024
Close Date
04/29/2024
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
1
% of Min. Goal
95%
% of Max. Goal
79%
Likelihood of Max
Avg. Daily Raise
$768
# of Investors
20
Momentum
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Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 03/27/2024
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