Candela Arepa Bar
Restaurant
Overview
Raised: $75,850
Total Commitments ($USD)
Platform
Crowd Fund Baltimore
Start Date
02/11/2024
Close Date
04/30/2024
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
6.00%
Term Length
6.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$972
# of Investors
66
Momentum
Funded
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Candela Arepa Bar is raising funds on CrowdFund Baltimore. It is an upcoming Arepa Bar in Station North Arts District in Baltimore, Maryland. Candela Arepa Bar will serve arepas, Venezuelan gluten-free crispy corn patties, and will include 12 varieties of arepas, including meat, chicken, seafood, vegetarian, and vegan. The eatery will also serve cachapas, empanadas, house-made beverages, alcoholic beverages, tea, and coffee. Irena Stein founded Candela Arepa Bar in October 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for architecture and engineering, commercial kitchen equipment, dining room furniture, and wall murals.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 02/11/2024
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