El Rincon Oaxaqueno
Food Truck
Overview
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
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$639
# of Investors
53
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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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