Forest & Flour (previously Soturi Kitchen)

Forest & Flour (previously Soturi Kitchen)

Cafe

Cafe

Overview

Raised this Round: Raised: $57,450

Total Commitments ($USD)

Platform

MainVest

Start Date

06/30/2022

Close Date

10/15/2022

Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.70X

Rev. Share %

2.35%

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Santa Clara, California

Business Type

Life Style

Forest & Flour (formerly Soturi Kitchen) is raising funds on MainVest. It is a food joint in San Jose, CA, that offers healthy, dairy-free, and gluten-free foods made with natural ingredients. Forest & Flour currently operates through local farmers’ markets and has a growing demand for its food. The business has a loyal customer base in San Jose, San Francisco, and the surrounding areas and is the only local allergen-friendly food service in its neighborhood. Sway Soturi and You Ling Mark Davis founded Forest & Flour in January 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used for the construction of cafe space and operating capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$217,949

$172,241

COGS

$68,553

$54,750

Tax

$0

$0

 

 

Net Income

$-32,497

$-15,588

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$128,307

$0

Short-Term Debt

$145,085

$0

Long-Term Debt

$0

$0

Total Liabilities

$145,085

$0

Financials as of: 06/30/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Forest & Flour (previously Soturi Kitchen) 10/14/2022 MainVest - $57,450 Revenue Share Funded RegCF
Soturi Kitchen 07/22/2020 MainVest - $0 Debt Not Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Forest & Flour (formerly Soturi Kitchen) on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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