Rector Street Food Enterprises

Growth Stage

Commonly known as George's

Analytics

Raised to Date: Raised: $1,200

Aggregate Commitments $

Platform

Honeycomb

Start Date

08/12/2020

Close Date

09/24/2020

Min. Goal

$20,000

Max. Goal

$80,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

09/30/2020

Days Remaining
Funded
% of Min. Goal

6%

% of Max. Goal

2%

Likelihood of Max
Funded
Avg. Daily Raise

$28

# of Investors

2

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

New York, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Rector Street Food Enterprises, commonly known as George’s, is raising crowdfunding on Honeycomb. It is a breakfast, lunch, and dinner establishment in the NYC Financial District, catering to locals, tourists, and office professionals. Rector Street Food Enterprises is owned by William Koulmentas and his family for over 70 years. The current crowdfunding round has a minimum target of $20,000 and a maximum target of $80,000. The proceeds will be used for face-lift renovation. Rector Street Food Enterprises has been around since 1950 and has been serving the Financial District community ever since. It is consistently rated as one of the best places to eat in NYC.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,445,874

$2,192,422

COGS

$722,432

$777,887

Tax

$0

$0

 

 

Net Income

$76,432

$72,297

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,919

$3,247

Accounts Receivable

$0

$0

Total Assets

$107,898

$110,814

Short-Term Debt

$3,854

$0

Long-Term Debt

$131,415

$0

Total Liabilities

$135,269

$0

Financials as of: 08/12/2020
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Rector Street Food Enterprises on Honeycomb
$
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Rector Street Food Enterprises on Honeycomb
View on Honeycomb (Closed)
Bullish / Bearish
You're Bullish on Rector Street Food Enterprises on Honeycomb

Thank you for your vote on Rector Street Food Enterprises on Honeycomb

Bullish / Bearish
You're Bearish on Rector Street Food Enterprises on Honeycomb

Thank you for your vote on Rector Street Food Enterprises on Honeycomb