Drop Squad Kitchen
Restaurant
Overview
Raised: $1,502
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/03/2023
Close Date
09/14/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
13.25%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/08/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$36
# of Investors
8
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
WILMINGTON, Delaware
Drop Squad Kitchen is raising funds on Honeycomb. It is a food business based in Wilmington, Delaware, and focused on meatless makeovers, international soul foods, and transitional veganism. Drop Squad Kitchen makes prepared plant-based foods accessible to people and offers a variety of cultural merchandise like tonics, books, herbs, and crystals to top up the plant-based lifestyle. The business also offers educational programs, workshops, and services related to plant-based food preparation. Abundance Child Xi El founded Drop Squad Kitchen in January 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for the buildout and renovation of the new location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$265,905 |
$471,099 |
|
COGS |
$53,542 |
$151,907 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$102,236 |
$749 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$48,811 |
$666 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$285,246 |
$98,961 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$5,037 |
$25,827 |
|
Total Liabilities |
$5,037 |
$25,827 |
Financials as of: 08/03/2023
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