Chef Red's Catering
Catering
Overview
Raised: $1,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/07/2024
Close Date
03/08/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/08/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$67
# of Investors
6
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Chef Red’s Catering is raising funds on Honeycomb. It is a mobile food catering business in Atlanta, Georgia, that specializes in southern cuisine. Chef Red’s Catering delivers exceptional culinary experiences with a strong focus on creativity, quality, and convenience. The business crafts dishes that are full of bold flavors and pay homage to the rich southern culinary heritage. Zion Holiday founded Chef Red’s Catering in October 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for food inventory, purchasing a food trailer, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$69,339 |
$28,460 |
|
COGS |
$23,288 |
$16,165 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$21,580 |
$-687 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$48,199 |
$14,320 |
|
Accounts Receivable |
$10,500 |
$16,460 |
|
Total Assets |
$61,457 |
$35,334 |
|
Short-Term Debt |
$11,994 |
$4,166 |
|
Long-Term Debt |
$6,775 |
$18,002 |
|
Total Liabilities |
$18,769 |
$22,168 |
Financials as of: 02/07/2024
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