Cassava San Francisco
Popular San Francisco Restaurant Expands to a Promising and Desirable Location
Overview
Raised: $403,912
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/07/2021
Close Date
02/17/2022
Min. Goal
$350,000
Max. Goal
$750,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,060
# of Investors
207
Momentum
Funded
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Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
San Francisco, California
Cassava San Francisco is raising funds on Wefunder. It is an established and award-winning restaurant known for its great food, social awareness, and warm hospitality. The restaurant is operated by passionate restaurateurs and has long-time trusted employees. Cassava San Francisco is opening its next chapter at a desirable and promising location. Yuka Ioroi and Kristoffer Toliao founded Cassava San Francisco in December 2011. The current crowdfunding campaign has a minimum target of $350,000 and a maximum target of $750,000. The campaign proceeds will be used for built-out construction, contingency, and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$682,692 |
$1,219,925 |
|
COGS |
$274,949 |
$460,748 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-292,065 |
$-67,380 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100,500 |
$21,556 |
|
Accounts Receivable |
$110,379 |
$113,053 |
|
Total Assets |
$308,342 |
$247,251 |
|
Short-Term Debt |
$803,018 |
$449,862 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$803,018 |
$449,862 |
Financials as of: 10/07/2021
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