BALVANERA
Restaurants
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/01/2022
Close Date
12/20/2022
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,583
# of Investors
63
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
BALVANERA is raising funds on Honeycomb. It is an upcoming Argentinian restaurant in the Strip District of Pittsburgh, Pennsylvania. The restaurant aims to combine the Argentinian heritage with European and international inspiration and flavors to create unique offerings. BALVANERA will also celebrate South American wines and wine-making styles and combine them with warm hospitality to replicate the success of the BALVANERA in NYC. Fernando Navas and Meredith Boyle founded BALVANERA in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for furniture and fixtures and labor costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-35,883 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$387,013 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$556,525 |
$0 |
|
Short-Term Debt |
$9,448 |
$0 |
|
Long-Term Debt |
$330,000 |
$0 |
|
Total Liabilities |
$339,448 |
$0 |
Financials as of: 11/01/2022
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