Burnt Umber
Tea Room
Overview
Raised: $7,050
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/04/2023
Close Date
07/10/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/09/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$201
# of Investors
15
Momentum
Not Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Burnt Umber is raising funds on Honeycomb. The company aims to offer the classic tea room experience in an immersive and romanticized environment. The owners have immense knowledge about tea blends, tea cultivation, and love for tea culture, and plan to put the entire experience in creating a classic tea house with a twist. Rachelle Bhone, Michael Scott Bhone, Jena Bhone, and Nyah Bhone founded Burnt Umber in January 2022. 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 purchasing kitchen and bar equipment and dining furniture and refinancing credit card debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/04/2023
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