Island Savoy
Island Savoy Market is a community grocery in Alameda with fresh & local foods.
Overview
Raised: $154,985
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/15/2021
Close Date
04/05/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,409
# of Investors
124
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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: 12/15/2021
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