Primary Plant Based
Restaurant
Overview
Raised: $75,001
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/11/2023
Close Date
11/27/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,415
# of Investors
72
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Primary Plant Based is raising funds on Honeycomb. It is a plant-based restaurant in Philadelphia, Pennsylvania, that offers healthy vegan cuisine. Primary Plant Based’s menu includes globally-inspired vegan dishes made from locally-sourced ingredients served in a warm and inclusive atmosphere. The business has a loyal customer base, has been recognised in the Vegetarian Times Best New Restaurants in 2022, and was voted the Best New Vegan Restaurant at the American Vegan Society Awards. Mark McKinney founded Primary Plant Based in July 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for MCA payoff and debt payoff.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$228,650 |
$0 |
|
COGS |
$81,288 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-96,627 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$4,142 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$69,068 |
$0 |
|
Short-Term Debt |
$278,388 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$278,388 |
$0 |
Financials as of: 10/11/2023
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