Polpetti Italian

Polpetti Italian

Market renowned for its culinary delights

Market renowned for its culinary delights

Overview

Raised to Date: Raised: $5,145

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/08/2024

Close Date

06/08/2024

Min. Goal
$35,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/26/2024

Days Remaining

12

% of Min. Goal

15%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$286

# of Investors

9

Momentum
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Richmond, Virginia

Business Type

Life Style

Polpetti Italian is raising funds on Honeycomb. It is a small food market in Richmond, Virginia, known for its culinary delights. Polpetti Italian specializes in delectable sauces, fresh pasta, and other bakery items with authentic Italian flavors. The business has a loyal customer base and grew by 176% in net income in 2023. Peter Riccobono and Georgia Riccobono founded Polpetti Italian in October 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $50,000. The campaign proceeds will be used for restaurant equipment for the second location and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$282,013

$83,238

COGS

$111,664

$36,580

Tax

$0

$0

 

 

Net Income

$86,903

$31,258

Summary Balance Sheet

FY 2023 FY 2022

Cash

$7,654

$32,185

Accounts Receivable

$750

$0

Total Assets

$43,647

$39,448

Short-Term Debt

$2,388

$30,903

Long-Term Debt

$0

$0

Total Liabilities

$2,388

$30,903

Financials as of: 05/08/2024
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Polpetti Italian on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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