canihaveabite

canihaveabite

Closed: Nov. 2022

About this raise: canihaveabite is raising funds on Honeycomb. It is a ready-made meal prep business that offers organic and flavorful dishes that meet most dietary restrictions. The menu of canihaveabite is gluten-free, vegetable-focused, dairy-free, and made using whole ingredients. The business makes soups, salads, snacks, and bowls that are suitable for all sensitivities, along with being convenient, healthy, environment-friendly, and flavorful. Kathy Hale founded canihaveabite in May 2010. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for refrigeration, labor, marketing, packaging and delivery coolers, and signage and improvements.

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Investment Overview

Invested this round: $30,000

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/30/2022
Close Date
11/29/2022
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2010
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Kansas City, Missouri
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Kathy Hale
Title
Owner

Financials

 Revenue +5% YoY
$66,780
 Monthly Burn
$3,650
 Runway
24+ months
Gross Margin
63%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$66,780

$63,374

COGS

$24,571

$24,967

Tax

$0

$0

 

 

Net Income

$-43,797

$5,243

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$129,058

$0

Accounts Receivable

$0

$0

Total Assets

$129,058

$0

Short-Term Debt

$0

$0

Long-Term Debt

$215,013

$0

Total Liabilities

$215,013

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/29/2022 Honeycomb - $30,000 Debt Funded RegCF
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Add to portfolio
canihaveabite on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, canihaveabite may no longer be accepting investments.

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