Lola's Kitchen

Lola's Kitchen

Food Truck

Food Truck

Overview

Raised this Round: Raised: $21,206

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

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

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.

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

Financials as of: 08/14/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Lola's Kitchen 09/28/2024 Honeycomb - $21,206 Debt Active RegCF

No prior online funding rounds.

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Lola’s Kitchen on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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