Eddis & Sons Cheesesteaks

Eddis & Sons Cheesesteaks

Restaurant

Restaurant

Overview

Raised this Round: Raised: $20,400

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/24/2024

Close Date

08/08/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Jacksonville, Florida

Business Type

Life Style

Eddis & Sons Cheesesteaks is raising funds on Honeycomb. The restaurant in Ponte Vedra, Florida, is known for its exquisite cheesesteaks. Eddis & Sons Cheesesteaks brings the authentic taste of Philadelphia to Florida with a wide array of cheesesteak options along with other dishes made using high-quality ingredients and genuine recipes. The restaurant has a loyal customer base and has received numerous positive reviews online. Jennifer Zungolo-Eddis founded Eddis & Sons Cheesesteaks in April 2015. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for renovations, signing a new lease, licensing and permitting, equipment, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$539,864

$486,998

COGS

$205,574

$203,114

Tax

$0

$0

 

 

Net Income

$30,146

$-6,505

Summary Balance Sheet

FY 2023 FY 2022

Cash

$47,042

$45,536

Accounts Receivable

$0

$0

Total Assets

$594,406

$542,034

Short-Term Debt

$0

$0

Long-Term Debt

$219,000

$221,100

Total Liabilities

$219,000

$221,100

Financials as of: 06/24/2024
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Eddis & Sons Cheesesteaks on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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