Govinda's Catering

Govinda's Catering

Food Truck

Food Truck

Overview

Raised to Date: Raised: $50,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/14/2024

Close Date

02/11/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,786

# of Investors

44

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Hillsborough, North Carolina

Business Type

Life Style

Govinda’s Catering is raising funds on Honeycomb. The company is based in Hillsborough, North Carolina, and specialises in vegan, gluten-free baked goods and prepared foods. Govinda’s Catering sells through farmers’ market and is planning to open its full-service food truck. The company has a loyal customer base and generates revenue through meal subscription services, farmers’ market, and website retail sales. Rebecca Hernandez founded Govinda’s Catering in January 2019. 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 purchase a food truck.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$64,658

$68,962

COGS

$17,712

$18,503

Tax

$0

$0

 

 

Net Income

$4,781

$3,461

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,718

$10,910

Accounts Receivable

$0

$0

Total Assets

$9,689

$12,394

Short-Term Debt

$17,310

$1,375

Long-Term Debt

$0

$14,020

Total Liabilities

$17,310

$15,395

Financials as of: 01/14/2024
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Govinda’s Catering on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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