Creole Orleans

Creole Orleans

Authentic Creole-Soul Food

Authentic Creole-Soul Food

Overview

Raised to Date: Raised: $14,100

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/01/2023

Close Date

10/16/2023

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$0

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.25%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

16

% of Min. Goal

24%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$486

# of Investors

6

Momentum
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

Life Style

Creole Orleans is raising funds on Honeycomb. The company is a fusion restaurant in Atlanta that specializes in New Orleans and Haitian inspired creole cuisine. Their menu features a variety of flavorful dishes that combine the rich culinary traditions of these two vibrant cultures, catering to food enthusiasts who crave a unique dining experience. Since 2021, Creole Orleans has generated over 2 million in sales, showcasing the strong demand for their unique culinary offerings. Perly Gedeon and Marzell Byrd founded Creole Orleans in 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to invest in crucial areas such as blueprint plans for their new location, purchasing furniture, fixtures, and equipment, and for permits and licensing fees.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$852,117

$478,469

COGS

$542,236

$282,259

Tax

$0

$0

 

 

Net Income

$97,392

$81,977

Summary Balance Sheet

FY 2022 FY 2021

Cash

$58,094

$12,759

Accounts Receivable

$0

$0

Total Assets

$177,349

$144,759

Short-Term Debt

$14,800

$15,262

Long-Term Debt

$0

$0

Total Liabilities

$14,800

$15,262

Financials as of: 09/01/2023
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Creole Orleans on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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