Lola's Kitchen

Lola's Kitchen

Closed: Sep. 2024

About this raise

Lola’s Kitchen is raising funds on Honeycomb. It is a family-owned food truck in Erie, Colorado, specializing in Mexican cuisine. Lola’s Kitchen offers tacos, quesadillas, smothered fries, chicken, veggies, Asada, Al Pastor, Birria, and Carnitas and has a roster of local breweries. The food truck participates in local events and festivals and has won several local awards. Jose Rocha founded Lola’s Kitchen in April 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase licenses and establish revenue streams.

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Investment Overview

Not Funded: $21,206

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/14/2024
Close Date
09/28/2024
Min. Goal
$60,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Frederick, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jose Rocha
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue +70% YoY
$144,662
 Monthly Burn
Profitable
 Cash on Hand
$16,000
Gross Margin
63%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$144,662

$85,284

COGS

$53,535

$46,674

Tax

$0

$0

 

 

Net Income

$47,103

$-88,639

Summary Balance Sheet

FY 2023 FY 2022

Cash

$16,000

$5,614

Accounts Receivable

$0

$0

Total Assets

$48,754

$35,734

Short-Term Debt

$24,474

$43,259

Long-Term Debt

$17,806

$24,500

Total Liabilities

$42,280

$67,759

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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
09/28/2024 Honeycomb - $21,206 Debt Not Funded RegCF
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Lola’s Kitchen on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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