Eddis & Sons Cheesesteaks
[Closed for Investment] 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.
Investment Overview
Raised: $21,200
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 06/25/2024
- Close Date
- 08/22/2024
$25,000
$124,000
$100
Debt
Pre-Seed
RegCF
11.25%
3.0 years
Company & Team
Company
- Year Founded
- 2015
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +11% YoY
- $539,864
- Monthly Burn
- Profitable
- Cash on Hand
- $47,042
- Gross Margin
- 62%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/22/2024 | Honeycomb | - | $21,200 | Debt | Not Funded | RegCF |