El Gaucho Grill

El Gaucho Grill

Restaurant

Restaurant

Overview

Raised to Date: 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    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/25/2024

Days Remaining

19

% of Min. Goal

1%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$15

# of Investors

2

Momentum
cold.svg
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Brookfield, Wisconsin

Business Type

Life Style

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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El Gaucho Grill on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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