Flavor Rich

Restaurant
Overview
Raised: $11,850
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
28
% of Min. Goal
20%
% of Max. Goal
10%
Likelihood of Max
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
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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