Dharma Southern Kitchen

Dharma Southern Kitchen

Growth Stage

Plant-based fine vittles

Plant-based fine vittles

Overview

Raised to Date: Raised: $23,368

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/31/2021

Close Date

03/06/2022

Min. Goal
$10,000
Max. Goal
$1,069,997
Min. Investment

$200

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.75

Pre-Money Valuation

$35,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/07/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$360

# of Investors

13

Momentum
Not Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Orlando, Florida

Business Type

Life Style

Dharma Southern Kitchen, with a valuation of $35 million, is raising funds on StartEngine. The company makes and sells plant-based fast-casual Southern comfort food across Florida. The plant-based food of Dharma Southern Kitchen is nutritious and delicious and appeals to vegans, vegetarians, flexitarians, and meat-eaters alike. The business is led by an experienced team and has opened two new locations in the past two years. Shaun Noonan founded Dharma Southern Kitchen in January 2019. The current crowdfunding campaign has a minimum target of $9,999.50 and a maximum target of $1,069,997.25. The campaign proceeds will be used to grow locally, regionally, nationally, and internationally.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,570,005

$2,278,941

COGS

$798,135

$828,488

Tax

$0

$0

 

 

Net Income

$-140,070

$103,198

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$111,116

$58,467

Accounts Receivable

$21,938

$33,430

Total Assets

$187,112

$150,086

Short-Term Debt

$324,287

$67,544

Long-Term Debt

$67,500

$0

Total Liabilities

$391,787

$67,544

Financials as of: 12/31/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Dharma Southern Kitchen 04/30/2022 StartEngine $15,200,000 $113,103 Equity - Common Funded RegCF
Dharma Southern Kitchen 03/06/2022 StartEngine $35,000,000 $23,368 Equity - Common Not Funded RegCF
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Dharma Southern Kitchen on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $35,000,000
Price per Share: $1.75

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