Con Alma

Con Alma

Con Alma is raising funds on Honeycomb. It is a restaurant and bar in Pittsburgh, Pennsylvania, known for its intimate setting and lively jazz performances. Con Alma brings the region’s finest musicians to the town and creates a unique experience for jazz enthusiasts by combining soulful jazz rhythms with the flavours of the world. The restaurant was named one of the top 25 bars in the country by Esquire magazine and has been featured in many local publications as one of the best restaurants in Pittsburgh. Aimee Marshall, Josh Ross, and John Shannon founded Con Alma in January 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for outdoor space expansion.

Expand

Investment Overview

Raised this Round: Raised: $77,347

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
10/28/2024
Close Date
12/12/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
32
Prior Founder Exits?
No
Founder Name
Josh Ross
Title
Co-Owner and Chef
Founder Name
Aimee Marshall
Title
Co-Owner and Beverage Director
Founder Name
John Shannon
Title
Co-Owner and Music Curator

Financials

as of Fiscal Year 2023
 Revenue -29.4% YoY
$473,319
 Monthly Burn
$415
 Runway
24+ months
Gross Margin
84%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$473,319

$670,123

COGS

$77,559

$127,917

Tax

$0

$0

 

 

Net Income

$-4,982

$-109,322

Summary Balance Sheet

FY 2023 FY 2022

Cash

$76,364

$129,187

Accounts Receivable

$0

$0

Total Assets

$273,206

$331,976

Short-Term Debt

$177,916

$224,780

Long-Term Debt

$142,476

$148,900

Total Liabilities

$320,392

$373,680

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2024 Honeycomb - $77,347 Debt Active RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Con Alma on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Con Alma on Honeycomb 2024

Buy Con Alma's Deal Report

Con Alma Deal Report

Get Kingscrowd's comprehensive report on Con Alma including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Con Alma is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Con Alma deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge