Chef Red's Catering

Chef Red's Catering

Catering

Catering

Overview

Raised to Date: Raised: $1,700

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/07/2024

Close Date

03/07/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/20/2024

Days Remaining

16

% of Min. Goal

7%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$131

# of Investors

5

Momentum
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Lexington, South Carolina

Business Type

Life Style

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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Chef Red’s Catering on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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