Maya’s Modern Mediterranean
Restaurant
Overview
Raised: $75,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/26/2023
Close Date
08/10/2023
Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
12.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,705
# of Investors
39
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
DALLAS, Texas
Maya’s Modern Mediterranean is raising funds on Honeycomb. It is a Middle Eastern-inspired Mediterranean restaurant in Dallas, Texas. The fast-casual restaurant serves Mediterranean cuisine with a modern twist and uses fresh and whole ingredients to create its food. Maya’s Modern Mediterranean serves the flavors of Israel and Palestine, including hummus, shawarma, air-baked falafel, salmon, beef, and chicken kabobs. Russell Birk founded Maya’s Modern Mediterranean in March 2018. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for equipment and working capital for a second location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$463,065 |
$851,168 |
|
COGS |
$140,392 |
$281,925 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$26,089 |
$-117,454 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$161,381 |
$291,450 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$463,930 |
$516,302 |
|
Short-Term Debt |
$56,603 |
$39,630 |
|
Long-Term Debt |
$494,653 |
$500,000 |
|
Total Liabilities |
$551,256 |
$539,630 |
Financials as of: 06/26/2023
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