Sakura Sake Bar
New sake bar
Overview
Raised: $20,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/12/2023
Close Date
12/06/2023
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
3
% of Min. Goal
82%
% of Max. Goal
21%
Likelihood of Max
Avg. Daily Raise
$396
# of Investors
30
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sakura Sake Bar is raising funds on Honeycomb. It is an upcoming sake bar in Atlanta, Georgia, that will feature a range of Japanese whiskey and sake-inspired cocktails. Sakura Sake Bar will also host events and offer sake and whiskey tastings and a monthly sake membership. The business owner already runs Sakura Ramen and aims to expand the Sakura brand and influence through Sakura Sake Bar. Anna Grace founded Sakura Sake Bar in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for the construction of the bar, equipment, furniture, inventory, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$787,769 |
$617,643 |
|
COGS |
$216,759 |
$164,057 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,579 |
$-13,579 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$17,476 |
$51,923 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$55,672 |
$90,119 |
|
Short-Term Debt |
$9,256 |
$11,278 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,256 |
$11,278 |
Financials as of: 10/12/2023
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