Kopitiam
Restaurants
Overview
Raised: $1,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/30/2023
Close Date
03/01/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/01/2023
Days Remaining
Not Funded
% of Min. Goal
4%
% of Max. Goal
1%
Likelihood of Max
Not Funded
Avg. Daily Raise
$33
# of Investors
4
Momentum
Not Funded
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,145,351 |
$676,956 |
|
COGS |
$392,113 |
$260,996 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$45,414 |
$-5,412 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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 |
Financials as of: 01/30/2023
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