Cantalini’s Salerno Beach Restaurant
About this raise
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.
Investment Overview
Invested : $92,200
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 12/23/2023
- Close Date
- 01/21/2024
$50,000
$100,000
$100
Debt
Pre-Seed
RegCF
12.75%
3.0 years
Company & Team
Company
- Year Founded
- 2000
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -24.7% YoY
- $1,238,539
- Monthly Burn
- Profitable
- Cash on Hand
- $397,313
- Gross Margin
- 51%
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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 |
|---|---|---|---|---|---|---|
| 01/21/2024 | Honeycomb | - | $92,200 | Debt | Funded | RegCF |