Patrice’s Culinary Collective

Patrice’s Culinary Collective

Closed: Aug. 2024

About this raise: Patrice’s Culinary Collective is raising funds on Honeycomb. It is a leading caterer in Kansas City, offering fresh and high-quality products and services. Patrice’s Culinary Collective provides custom-baked goods, catered events, and hands-on cooking classes and aims to enhance the experience of food. The business has been honored as a Small Business Superstar by the Kansas City Chamber of Commerce and has been nominated to receive a RISE Business Award from the Rotary Club of Kansas City Plaza. Karen Boyd founded Patrice’s Culinary Collective in October 2015. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $85,000. The campaign proceeds will be used to reduce credit card debt and business loan debt, build an outdoor kitchen and patio, and construct terraced vegetable and herb gardens and teaching greenhouse and equipment.

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Investment Overview

Not Funded: $8,150

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/02/2024
Close Date
08/31/2024
Min. Goal
$45,000
Max. Goal
$85,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Kansas City, Missouri
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Karen Boyd
Title
CEO and Managing Chef

Financials

as of Fiscal Year 2023
 Revenue +6% YoY
$122,336
 Monthly Burn
$3,278
 Runway
0.5 months
Gross Margin
66%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$122,336

$115,887

COGS

$41,348

$23,904

Tax

$0

$0

 

 

Net Income

$-39,340

$-32,542

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,669

$191

Accounts Receivable

$0

$0

Total Assets

$29,868

$26,064

Short-Term Debt

$40,278

$25,982

Long-Term Debt

$0

$688

Total Liabilities

$40,278

$26,670

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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
08/31/2024 Honeycomb - $8,150 Debt Not Funded RegCF
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Patrice’s Culinary Collective on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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