Meek's Vegan Pizza
Restaurant
Overview
Raised: $42,925
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/12/2023
Close Date
11/27/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$933
# of Investors
53
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Meek’s Vegan Pizza is raising funds on Honeycomb. It is a 100% vegan pizzeria in Houston, Texas. Meek’s Vegan Pizza offers a wide variety of delicious vegan pizzas, salads, and desserts and caters to both vegans and non-vegans. The business has a loyal customer base and was awarded a Plant Grant by The RZA and Violife Foods in 2021. Meek’s Vegan Pizza has also been awarded a grant by Grubhub and declared the winner of the Houston Area Urban League’s 2022 pitch competition. Demetrius Walker founded Meek’s Vegan Pizza in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for refinancing debt, renovating the brick-and-mortar space, signage for the brick-and-mortar location, purchasing a new oven and equipment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$201,705 |
$145,134 |
|
COGS |
$48,397 |
$55,906 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$42,780 |
$15,574 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$40,328 |
$2,064 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$68,664 |
$19,074 |
|
Short-Term Debt |
$-4,865 |
$0 |
|
Long-Term Debt |
$-6,513 |
$0 |
|
Total Liabilities |
$-11,378 |
$0 |
Financials as of: 10/12/2023
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