I-tal Garden

I-tal Garden

Restaurants

Restaurants

Overview

Raised to Date: Raised: $40,175

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/03/2023

Close Date

06/08/2023

Min. Goal
$30,000
Max. Goal
$105,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

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

$1,148

# of Investors

50

Momentum
Funded
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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: 05/03/2023
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I-tal Garden on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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