Meadows Italiano

Meadows Italiano

[Closed for Investment] Meadows Italiano is raising funds on Honeycomb. It is a pizzeria and deli in Mooresville, North Carolina, known for its wood-fired pizza, sub sandwiches, and other pop-up dishes. Meadows Italiano uses high-quality and fresh ingredients for its products and has a 5-star rating with hundreds of reviews on Google and Yelp. The business serves delicious food and is also a venue for live music and events. Jayson Poluka founded Meadows Italiano in October 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to construct of a retail space and purchase equipment.

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Investment Overview

Raised this Round: Raised: $650

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
07/01/2024
Close Date
07/28/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Mooresville, North Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Jayson Poluka
Title
Partner and Project Manager

Financials

as of Fiscal Year 2023
 Revenue -8.8% YoY
$754,328
 Monthly Burn
Profitable
 Cash on Hand
$5,525
Gross Margin
67%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$754,328

$826,946

COGS

$251,081

$251,188

Tax

$0

$0

 

 

Net Income

$56,043

$34,731

Summary Balance Sheet

FY 2023 FY 2022

Cash

$5,525

$17,047

Accounts Receivable

$0

$0

Total Assets

$9,158

$27,891

Short-Term Debt

$13,949

$23,380

Long-Term Debt

$9,038

$12,540

Total Liabilities

$22,987

$35,920

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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
07/28/2024 Honeycomb - $650 Debt Not Funded RegCF
05/26/2021 MainVest - $10,600 Revenue Share Not Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Meadows Italiano on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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