Pizza Brain
Restaurant
Overview
Raised: $4,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/03/2024
Close Date
04/18/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
15.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/17/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$91
# of Investors
11
Momentum
Not Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Pizza Brain is raising funds on Honeycomb. It is a local community pizzeria in Philadelphia, Pennsylvania, that makes delicious pizza using fresh ingredients. Pizza Brain sells whole pies, slices, and salads and also has a museum of US pizza culture. The business makes its dough, sauce, and pepper flakes from scratch and features traditional and artisanal pies with modern flavor profiles. Michael Carter and Joseph Hunter founded Pizza Brain in April 2012. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for refinancing high-interest debt and equipment repairs and purchases.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$350,683 |
$498,394 |
|
COGS |
$171,971 |
$313,834 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-33,896 |
$-119,432 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$2,635 |
$9,267 |
|
Accounts Receivable |
$1,406 |
$1,406 |
|
Total Assets |
$75,886 |
$82,518 |
|
Short-Term Debt |
$190,476 |
$235,875 |
|
Long-Term Debt |
$176,553 |
$182,401 |
|
Total Liabilities |
$367,029 |
$418,276 |
Financials as of: 03/03/2024
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