Island Savoy

Early Stage

Island Savoy Market is a community grocery in Alameda with fresh & local foods.

Analytics

Raised to Date: Raised: $154,985

Aggregate Commitments $

Platform

Wefunder

Start Date

12/16/2021

Close Date

04/05/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal

310%

% of Max. Goal

62%

Likelihood of Max
Funded
Avg. Daily Raise

$1,409

Momentum
Funded
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Location

Alameda, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

Island Savoy is raising funds on Wefunder. It is a community grocery located at Bay Station in the heart of Alameda, featuring organic produce, locally sourced foods, craft beer and wine, a full-service deli and an espresso bar. Island Savoy is founded by Mike Stevens who has 15 years of experience in the food industry. The campaign proceeds will be used to for building infrastructure, equipment, ADA upgrades and Inventory.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-35,559

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$33,839

$0

Accounts Receivable

$0

$0

Total Assets

$90,569

$0

Short-Term Debt

$19,774

$0

Long-Term Debt

$15,884

$0

Total Liabilities

$35,658

$0

Financials as of: 12/16/2021
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Island Savoy on Wefunder
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Platform: Wefunder
Security Type: Revenue Share

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