El Rincon Oaxaqueno

El Rincon Oaxaqueno

Food Truck

Food Truck

Overview

Raised this Round: Raised: $28,133

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/23/2023

Close Date

07/07/2023

Min. Goal
$25,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

5.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

PITTSBURGH, Pennsylvania

Business Type

Life Style

El Rincon Oaxaqueno is raising funds on Honeycomb. It is a food truck in Pittsburgh, Pennsylvania that specializes in traditional Oaxacan cuisine. The menu of the food truck is inspired by the culinary heritage of Oaxaca in southern Mexico and includes tacos, enchiladas, mole, and tlayudas. Mario Garcia founded El Rincon Oaxaqueno in January 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for kitchen equipment, seating area, signage, floor and stairs restoration, staffing, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$60,000

$0

COGS

$47,000

$0

Tax

$0

$0

 

 

Net Income

$2,400

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,000

$0

Accounts Receivable

$0

$0

Total Assets

$43,300

$0

Short-Term Debt

$2,400

$0

Long-Term Debt

$0

$0

Total Liabilities

$2,400

$0

Financials as of: 05/23/2023
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El Rincon Oaxaqueno on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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