Flavor Rich

Flavor Rich

Restaurant

Restaurant

Overview

Raised to Date: Raised: $11,850

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/13/2023

Close Date

12/30/2023

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

12/02/2023

Days Remaining

28

% of Min. Goal

20%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$624

# of Investors

9

Momentum
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Suwannee, Georgia

Business Type

Life Style

Flavor Rich is raising funds on Honeycomb. It is a restaurant that offers high-quality food and exceptional food service in Atlanta, Georgia. Flavor Rich also runs a food truck service and provides private event catering, cooking classes, personalized chef services, and a delicious food product line. The business has won several awards in food categories and has been profitable in 2023 with a revenue of over $1 million. Christopher Fletcher and Angelica Finley founded Flavor Rich in December 2017. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for restaurant equipment, small renovation work, seating and decor, outdoor signage, insurance, licenses and permit fees, and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$111,096

$59,103

COGS

$107,274

$18,909

Tax

$0

$0

 

 

Net Income

$-24,004

$-111,087

Summary Balance Sheet

FY 2022 FY 2021

Cash

$60,000

$90,095

Accounts Receivable

$0

$0

Total Assets

$246,476

$250,495

Short-Term Debt

$16,000

$4,000

Long-Term Debt

$4,200

$3,700

Total Liabilities

$20,200

$7,700

Financials as of: 11/13/2023
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Flavor Rich on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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