Govinda's Catering
Food Truck
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/14/2024
Close Date
02/12/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($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
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.