Cultivate Kitchen Co.
Food And Catering Services
Overview
Raised: $27,870
Total Commitments ($USD)
Platform
SMBX
Start Date
04/23/2024
Close Date
05/28/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/03/2024
Days Remaining
24
% of Min. Goal
139%
% of Max. Goal
22%
Likelihood of Max
Avg. Daily Raise
$2,787
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 04/23/2024
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