Cultivate Kitchen Co.

Cultivate Kitchen Co.

Closed: May. 2024

About this raise

Cultivate Kitchen Co. is raising funds on Honeycomb. It is a food and catering service in Louisville, Colorado that serves healthy, convenient, and tasty meals. Cultivate Kitchen Co. sources fresh ingredients from the community and curates the seasonal menu that it offers through pick-up, catering, and personal chef offerings. The business is focused on wholesome meals and customer service and aims to connect people through food. Katrina High and Cammie Read founded Cultivate Kitchen Co. in April 2022. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital and expansion to a larger space.

Expand

Investment Overview

Invested this round: $72,270

Deal Terms

Total Commitments

Platform
SMBX
Start Date
04/24/2024
Close Date
05/28/2024
Min. Goal
$20,000
Max Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Louisville, Colorado
Business Type
Life Style
Company Website
Visit Website

Team

Employees
14
Prior Founder Exits?
No
Founder Name
Katrina High
Title
Chef/Co-Owner
Founder Name
Cammie Read
Title
Chef/Co-Owner

Financials

as of Fiscal Year 2023
 Revenue +546% YoY
$643,307
 Monthly Burn
Profitable
 Cash on Hand
$22,185
Gross Margin
74%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$643,307

$99,621

COGS

$168,207

$32,658

Tax

$0

$0

 

 

Net Income

$141,918

$-31,621

Summary Balance Sheet

FY 2023 FY 2022

Cash

$22,185

$18,135

Accounts Receivable

$1,237

$0

Total Assets

$23,423

$18,136

Short-Term Debt

$5,600

$60,600

Long-Term Debt

$0

$0

Total Liabilities

$5,600

$60,600

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
05/28/2024 SMBX - $72,270 Debt Funded 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
Cultivate Kitchen Co. on SMBX 2024
Platform: SMBX
Security Type: Debt

Follow company

Follow Cultivate Kitchen Co. on SMBX 2024

Buy Cultivate Kitchen Co.'s Deal Report

Warning: according to the close date for this deal, Cultivate Kitchen Co. may no longer be accepting investments.

Cultivate Kitchen Co. Deal Report

Get Kingscrowd's comprehensive report on Cultivate Kitchen Co. including:

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

Buy the Cultivate Kitchen Co. deal report for only $10!

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