Forest & Flour (previously Soturi Kitchen)
Cafe
Overview
Raised: $57,450
Total Commitments ($USD)
Platform
MainVest
Start Date
07/01/2022
Close Date
10/15/2022
Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rev. Share %
2.35%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
115%
% of Max. Goal
77%
Likelihood of Max
Funded
Avg. Daily Raise
$542
# of Investors
83
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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: 07/01/2022
Create a free account today to gain access to KingsCrowd analytics.
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Forest & Flour (previously Soturi Kitchen) | 10/15/2022 | MainVest | - | $57,450 | Revenue Share | Funded | RegCF |
| Soturi Kitchen | 07/23/2020 | MainVest | - | $0 | Debt | Not Funded | RegCF |
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Forest & Flour (previously Soturi Kitchen)? Create your account today to claim this raise page.