Cantalini’s Salerno Beach Restaurant
Restaurant
Overview
Raised: $92,200
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/22/2023
Close Date
01/21/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,179
# of Investors
41
Momentum
Funded
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Year Founded
2000
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Cantalini’s Salerno Beach Restaurant is raising funds on Honeycomb. It is a family-owned restaurant in Playa del Rey, California. Cantalini’s Salerno Beach Restaurant offers full-service events and catering, fine wine dinners, live music, and entertainment and has been in the community for 24 years. The food at the restaurant is inspired by the Italian heritage of the family and is loved by the local community. Lisa Schwab founded Cantalini’s Salerno Beach Restaurant in January 2000. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to build a permanent outdoor patio, purchase a new pizza oven, and refinance high-interest debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,238,539 |
$1,644,115 |
|
COGS |
$610,082 |
$642,901 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$580,547 |
$-227,019 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$397,313 |
$465,035 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$458,013 |
$526,735 |
|
Short-Term Debt |
$815,116 |
$115,292 |
|
Long-Term Debt |
$207,048 |
$876,660 |
|
Total Liabilities |
$1,022,164 |
$991,952 |
Financials as of: 12/22/2023
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