Rector Street Food Enterprises
Commonly known as George's
Overview
Raised: $1,200
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/11/2020
Close Date
09/24/2020
Min. Goal
$20,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$28
# of Investors
2
Momentum
Not Funded
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Year Founded
1982
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 08/11/2020
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