BALVANERA

Restaurants

Overview

Raised to Date: Raised: $124,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/02/2022

Close Date

12/20/2022

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

Funding Type

RegCF

Interest Rate

10.75%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

Days Remaining
Funded
% of Min. Goal

248%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$2,583

# of Investors

63

Momentum
Funded
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Location

Pittsburgh, Pennsylvania

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

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: 11/02/2022
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BALVANERA on Honeycomb 2022
$
Platform: Honeycomb
Security Type: Debt

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