Nate’s Deli
Deli
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/14/2024
Close Date
04/13/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/23/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,724
# of Investors
41
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Nate’s Deli is raising funds on Honeycomb. It is a well-loved neighborhood eating spot in Fairview Park, Ohio that serves a variety of breakfast items. Nate’s Deli serves its famous corned beef and other delicacies and has been around for years. The business has reported a 200% increase in sales since its new ownership and was awarded top Restaurants in Fairview Park in Cleveland’s Scene magazine Best of 2023. Nicole Hable and Robert Hable founded Nate’s Deli in April 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for remodeling the front of the house.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$521,441 |
$424,957 |
|
COGS |
$153,458 |
$139,670 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$11,725 |
$3,795 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$39,454 |
$9,347 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$190,788 |
$155,558 |
|
Short-Term Debt |
$30,775 |
$27,252 |
|
Long-Term Debt |
$99,754 |
$118,531 |
|
Total Liabilities |
$130,529 |
$145,783 |
Financials as of: 03/14/2024
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