This company is no longer in business. Investors can get details about any potential exits or failures here.
Knead Local
Food Truck
Overview
Raised: $26,325
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/29/2022
Close Date
06/06/2022
Min. Goal
$25,000
Max. Goal
$110,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$387
# of Investors
34
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Knead Local is raising funds on Honeycomb. It is an Austin-based vegan food truck with a fine dining experience. The business sources local ingredients and makes delicious vegan food from scratch. Knead Local food truck operates out of The Far Out Lounge and offers a unique sandwich menu, pasta dishes, and small bites. Knead Local first opened in April 2021 and had a profitable year of operations. Chef Steph founded Knead Local in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $110,000. The campaign proceeds will be used for commercial flooring, painting, kitchen equipment, licensing, and bathroom renovations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$51,731 |
$0 |
|
COGS |
$13,697 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$7,728 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,772 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$27,182 |
$0 |
|
Short-Term Debt |
$2,677 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,677 |
$0 |
Financials as of: 03/29/2022
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