Evette’s
Restaurant
Overview
Raised: $32,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/15/2023
Close Date
07/14/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,103
# of Investors
26
Momentum
Funded
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Evette’s is raising funds on Honeycomb. It is a restaurant in Chicago, Illinois, that brings together the Mediterranean flavors of Lebanon and the culinary traditions of Mexico. The business uses fresh and flavorful ingredients to make nutritious and tasty food and puts a lot of thought into sourcing and preparing its menu items. Michael Aboujamra founded Evette’s in January 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to upgrade equipment and install new open-air windows.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,126,877 |
$652,059 |
|
COGS |
$482,000 |
$240,116 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$24,498 |
$64,035 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$19,253 |
$15,307 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$102,524 |
$97,560 |
|
Short-Term Debt |
$62,440 |
$121,803 |
|
Long-Term Debt |
$532 |
$1,108 |
|
Total Liabilities |
$62,972 |
$122,911 |
Financials as of: 06/15/2023
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