Butterfat Gelato
Gelato business
Overview
Raised: $71,332
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/21/2024
Close Date
04/05/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,659
# of Investors
86
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
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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