Rector Street Food Enterprises
About this raise
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.
Investment Overview
Not Funded: $1,200
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 08/12/2020
- Close Date
- 09/24/2020
$20,000
$80,000
$100
Debt
Seed
RegCF
Company & Team
Company
- Year Founded
- 1982
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +12% YoY
- $2,445,874
- Monthly Burn
- Profitable
- Cash on Hand
- $1,919
- Gross Margin
- 70%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/24/2020 | Honeycomb | - | $1,200 | Debt | Not Funded | RegCF |