Nate’s Deli

Nate’s Deli

Deli

Deli

Overview

Raised to Date: Raised: $50,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/14/2024

Close Date

04/12/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/13/2024

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

Location

Fairview Park, Ohio

Business Type

Life Style

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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Nate’s Deli on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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