BALVANERA
Restaurants
Overview
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
Create a free account today to gain access to KingsCrowd analytics.
Location
Pittsburgh, Pennsylvania
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: 11/02/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.