Het Say
Southern Vietnamese food & hospitality
Overview
Raised: $104,620
Total Commitments ($USD)
Platform
SMBX
Start Date
03/09/2023
Close Date
04/05/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
9
% of Min. Goal
418%
% of Max. Goal
84%
Likelihood of Max
Avg. Daily Raise
$5,812
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$145,411 |
$73,174 |
|
COGS |
$46,374 |
$23,437 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$61,687 |
$30,854 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 03/09/2023
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