Bae Bae’s Kitchen

Early Stage

Restaurants

Analytics

Raised to Date: Raised: $100,000

Aggregate Commitments $

Platform

Honeycomb

Start Date

04/01/2022

Close Date

05/17/2022

Min. Goal

$50,000

Max. Goal

$100,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Funded
Reporting Date

05/25/2022

Days Remaining
Funded
% of Min. Goal

200%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$2,174

Momentum
Funded
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Location

Pittsburgh, Pennsylvania

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Bae Bae’s Kitchen is raising funds on Honeycomb. It is a Korean-inspired bistro in Pittsburgh, PA. The bistro is focused on local and organic produce, sustainability, and taste and is accessible in price and cuisine familiarity. Bae Bae’s Kitchen has a loyal customer base and is planning to expand by procuring a liquor license. Edward Lai founded Bae Bae’s Kitchen in April 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for obtaining a liquor license, lawyer fees, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$598,566

$456,898

COGS

$205,595

$189,090

Tax

$0

$0

 

 

Net Income

$-16,475

$-109,860

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$314,322

$57,620

Accounts Receivable

$0

$0

Total Assets

$630,924

$184,484

Short-Term Debt

$0

$19,080

Long-Term Debt

$500,000

$149,900

Total Liabilities

$500,000

$168,980

Financials as of: 04/01/2022
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Bae Bae’s Kitchen on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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