Het Say

Het Say

Southern Vietnamese food & hospitality

Southern Vietnamese food & hospitality

Overview

Raised to Date: Raised: $124,000

Total Commitments ($USD)

Platform

SMBX

Start Date

03/08/2023

Close Date

04/05/2023

Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

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

$4,593

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

San Jose, California

Business Type

Life Style

Het Say is raising funds on SMBX. The restaurant is based on San Jose, California, and serves Southern Vietnamese food made using local produce and traditional techniques. The food business brings its food memories from the Mekong Delta and infuses them into vibrant and harmonious dishes in a Californian context. Het Say currently operates through popups and is now planning to open its first brick-and-mortar location. DuyAn Le and Hieu Le founded Het Say in September 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for rent for the brick-and-mortar location, improvements, staff, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$145,411

$73,174

COGS

$46,374

$23,437

Tax

$0

$0

 

 

Net Income

$61,687

$30,854

Summary Balance Sheet

FY 2022 FY 2021

Cash

$38,085

$36,233

Accounts Receivable

$0

$0

Total Assets

$34,636

$36,233

Short-Term Debt

$8,158

$3,311

Long-Term Debt

$0

$0

Total Liabilities

$8,158

$3,311

Financials as of: 03/08/2023
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Het Say on SMBX 2023
Platform: SMBX
Security Type: Debt

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