Mama Noy’s Kitchen

Catering

Overview

Raised to Date: Raised: $4,100

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/22/2023

Close Date

03/23/2023

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/24/2023

Days Remaining
Not Funded
% of Min. Goal

16%

% of Max. Goal

4%

Likelihood of Max
Not Funded
Avg. Daily Raise

$141

# of Investors

6

Momentum
Not Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Austin, Texas

Business Type

Life Style

Mama Noy’s Kitchen is raising funds on Honeycomb. It is a catering business in Austin, Texas, that creates delicious and soulful dishes using Laotian and Tex-Mex flavors. The Asian-fusion cuisine of Mama Noy’s Kitchen caters to corporate events, markets, weddings, and festivals. The business also sells its signature chili oils through its own website, Etsy, and local farmers’ markets. Mama Noy’s Kitchen has a loyal customer base and grew its revenue by 33% year-over-year in 2022. Noy Keomorokot founded Mama Noy’s Kitchen in December 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for refinancing high-interest debt.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$173,083

$0

COGS

$34,135

$0

Tax

$0

$0

 

 

Net Income

$22,921

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,667

$0

Accounts Receivable

$0

$0

Total Assets

$153,443

$0

Short-Term Debt

$30,937

$0

Long-Term Debt

$112,668

$0

Total Liabilities

$143,605

$0

Financials as of: 02/22/2023
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Mama Noy’s Kitchen on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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