El Gaucho Grill
Restaurant
Overview
Raised: $450
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/25/2024
Close Date
06/14/2024
Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
38
% of Min. Goal
1%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$41
# of Investors
2
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
El Gaucho Grill is raising funds on Honeycomb. It is an Argentinian restaurant in Brookfield, Wisconsin. El Gaucho Grill specializes in Argentinian and Uruguayan cuisine and offers empanadas and asados made using authentic flavors and premium ingredients. The business has a loyal customer base and has reported strong revenue growth and an increase in profitability and cash position. Arlenne Escamilla Teran founded El Gaucho Grill in August 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used for purchasing a food trailer and refinancing high-interest debt.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$365,021 |
$194,283 |
|
COGS |
$261,540 |
$158,674 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$10,305 |
$-64,626 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$34,185 |
$5,385 |
|
Short-Term Debt |
$43,141 |
$0 |
|
Long-Term Debt |
$31,075 |
$0 |
|
Total Liabilities |
$74,216 |
$0 |
Financials as of: 04/25/2024
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