Kopitiam

Kopitiam

Closed: Feb. 2023

About this raise

Kopitiam is raising funds on Honeycomb. It is a fast-casual eatery in New York City offering Nyonya cuisine. The offerings of Kopitiam draw ingredients and techniques from both Chinese and Malay cultures and include some influence from the Dutch, the Portuguese, and the British. Kopitiam has won several awards and has been featured in top food magazines. Kyo Pang founded Kopitiam in March 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment to expand the sauce line.

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Investment Overview

Not Funded: $1,000

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/30/2023
Close Date
03/01/2023
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

5.0 years

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
25
Prior Founder Exits?
No
Founder Name
Kyo Pang
Title
Executive Chef

Financials

as of Fiscal Year 2022
 Revenue +169% YoY
$1,145,351
 Monthly Burn
Profitable
 Cash on Hand
$155,225
Gross Margin
66%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,145,351

$676,956

COGS

$392,113

$260,996

Tax

$0

$0

 

 

Net Income

$45,414

$-5,412

Summary Balance Sheet

FY 2022 FY 2021

Cash

$155,225

$118,853

Accounts Receivable

$27,539

$0

Total Assets

$1,072,976

$493,774

Short-Term Debt

$0

$0

Long-Term Debt

$723,486

$170,979

Total Liabilities

$723,486

$170,979

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/01/2023 Honeycomb - $1,000 Debt Not Funded RegCF
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Kopitiam on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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