Butterfat Gelato

Butterfat Gelato

Gelato business

Gelato business

Overview

Raised to Date: Raised: $68,832

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/21/2024

Close Date

04/05/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/16/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,601

# of Investors

85

Momentum
Funded
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Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

Butterfat Gelato is raising funds on Honeycomb. It is a gelato business in Pittsburgh, Pennsylvania, known for its delicious and unique gelato flavors. Butterfat Gelato hosts pop-ups and tasting parties and serves its pints at a local brewery. The most loved and unique gelato flavors of Butterfat Gelato include Brown Butter Sage, Cadbury Egg Gelato, White Chocolate Amarena Cherry, Aperol Spritz, and many more. Lauren Brock founded Butterfat Gelato in June 2022. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing a blast freezer, a batch freezer, and a pasteurizer, storage, architectural services, permit and construction, and a mobile gelato cart.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$10,873

$8,724

COGS

$4,190

$1,286

Tax

$0

$0

 

 

Net Income

$-755

$6,024

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,718

$4,355

Accounts Receivable

$0

$0

Total Assets

$14,068

$5,704

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/21/2024
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Butterfat Gelato on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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