I-tal Garden
Restaurants
Overview
Raised: $34,828
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/04/2023
Close Date
06/19/2023
Min. Goal
$30,000
Max. Goal
$105,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
16
% of Min. Goal
116%
% of Max. Goal
33%
Likelihood of Max
Avg. Daily Raise
$1,161
# of Investors
47
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
NEW ORLEANS, Louisiana
I-tal Garden is raising funds on Honeycomb. It is a vegan restaurant in New Orleans, Louisiana that offers healthy alternatives to the New Orleans soul cuisine. The restaurant provides delicious and healthy vegan, vegetarian, and gluten-free food options with flavorful, balanced, and organic ingredients. I-tal Garden has a loyal customer base and reported a 35% year-over-year revenue growth in 2022. Joseph Robinson and Regina Robinson founded I-tal Garden in January 2019. The current crowdfunding campaign has a minimum target of $55,000 and a maximum target of $105,000. The campaign proceeds will be used for a dishwashing machine and dishes, plants, art, and benches, processing equipment, marketing, building improvements, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$643,148 |
$476,408 |
|
COGS |
$264,471 |
$198,881 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$59,210 |
$46,673 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-7,703 |
$787 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$15,037 |
$13,527 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/04/2023
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