Driscoll Cuisine

Driscoll Cuisine

Restaurants

Restaurants

Overview

Raised to Date: Raised: $25,250

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/18/2023

Close Date

06/02/2023

Min. Goal
$25,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$574

# of Investors

42

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

GLENDALE, Arizona

Business Type

Life Style

Driscoll Cuisine is raising funds on Honeycomb. The company aims to open the first and only culinary bed and breakfast in Phoenix, Arizona. The business will offer customized personal chef services for special occasions, social gatherings, and celebrations with its innovative food and drinks and impeccable client service experience. Driscoll Cuisine is focused on executives and professionals who opt for the convenience of personal chefs for hosting small gatherings and seeking unique dining experiences. Monique Hayward founded Driscoll Cuisine in June 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $80,000. The campaign proceeds will be used for furniture, furnishings, equipment, working capital, and debt consolidation.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$57,538

$82,600

COGS

$4,185

$11,958

Tax

$0

$0

 

 

Net Income

$-25,230

$-4,091

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,756

$39,594

Accounts Receivable

$0

$0

Total Assets

$273,381

$242,285

Short-Term Debt

$354,123

$283,806

Long-Term Debt

$27,227

$47,952

Total Liabilities

$381,350

$331,758

Financials as of: 04/18/2023
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Driscoll Cuisine on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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