Irie Diner

Irie Diner

Restaurants

Restaurants

Overview

Raised this Round: Raised: $66,045

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/06/2022

Close Date

07/26/2022

Min. Goal
$50,000
Max. Goal
$125,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.75%

Term Length

5.0 years

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Jacksonville, Florida

Business Type

Life Style

Irie Diner is raising funds on Honeycomb. It is a full-service casual dining restaurant in Orange Park, Florida. The restaurant’s menu reflects the Caribbean diaspora and includes dishes with bold Caribbean flavors. It also serves beer, draft beer, an assortment of wines, and wine-based cocktails. Irie Diner is supported by local businesses and has customers of all ages, professions, and walks of life. The business’s revenue is on track to grow by 27% year-over-year in 2022. Peter Jackson founded Irie Diner in January 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $125,000. The campaign proceeds will be used for front patio construction, marketing, dining room improvements, hiring, and debt refinancing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$485,494

$382,365

COGS

$103,792

$111,245

Tax

$0

$0

 

 

Net Income

$130,024

$97,150

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,852

$5,342

Accounts Receivable

$0

$0

Total Assets

$76,306

$79,607

Short-Term Debt

$33,280

$15,873

Long-Term Debt

$55,588

$53,478

Total Liabilities

$88,868

$69,351

Financials as of: 06/06/2022
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Irie Diner on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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