Sassafras
Restaurant
Overview
Raised: $32,350
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/26/2024
Close Date
09/25/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.75%
Term Length
3.0 years
Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sassafras is raising funds on Honeycomb. It is a fine dining, chef’s table style restaurant in Worton, Maryland. Sassafras is located in a quaint cottage and cooks local seafood and produce in a multi-course prefix format to create innovative dishes. The guests get to experience the Chesapeake Bay at Sassafras through an intimate feast and plans to expand further. Paul Benkert and Caroline Benkert founded Sassafras in April 2024. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for building renovations and opening inventory.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/26/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Sassafras | 09/25/2024 | Honeycomb | - | $32,350 | Debt | Active | RegCF |
No prior online funding rounds.
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