Gritz N Wafflez
[Closed for Investment] Gritz N Wafflez is raising funds on Honeycomb. It is a Southern-inspired brunch place in Los Angeles, California, known for its vibrant and warm atmosphere. Gritz N Wafflez serves dishes with Southern influences and delivers them with top-class hospitality. The business has achieved notable recognition and received several awards and media features, like the Best Brunch in LA Award by LA Times and features in KTLA News. Veronica Butler founded Gritz N Wafflez in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for restaurant kitchen equipment, furniture, hiring, training, and employee uniforms.
Investment Overview
Raised: $16,300
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 09/10/2024
- Close Date
- 10/26/2024
$50,000
$100,000
$100
Debt
Pre-Seed
RegCF
12.75%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +187% YoY
- $623,348
- Monthly Burn
- Profitable
- Cash on Hand
- $8,163
- Gross Margin
- 81%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/26/2024 | Honeycomb | - | $16,300 | Debt | Not Funded | RegCF |