Cassava San Francisco

Cassava San Francisco

Closed: Feb. 2022

About this raise

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.

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Investment Overview

Invested this round: $403,912

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/08/2021
Close Date
02/17/2022
Min. Goal
$350,000
Max Goal
$750,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
San Francisco, California
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Yuka Loroi
Title
General Manager
Founder Name
Kristoffer Toliao
Title
Executive Chef

Financials

 Revenue -45% YoY
$682,692
 Monthly Burn
$24,339
 Runway
4.1 months
 Gross Margin
60%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/17/2022 Wefunder - $403,912 Revenue Share Funded RegCF
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Cassava San Francisco on Wefunder 2021
Platform: Wefunder
Security Type: Revenue Share

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

Cassava San Francisco Deal Report

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