Savory Crust
About this raise: Savory Crust is raising funds on Honeycomb. It is a restaurant in Chicago, Illinois, serving the rich culture and flavors of Filipino cuisine. Savory Crust has one food truck and two brick-and-mortar locations where it serves authentic empanadas made using fresh ingredients and traditional recipes. The restaurant has been featured in several magazines, including Rising Stars and Chicago Magazine, and received multiple awards. Geraldine Hernandez founded Savory Crust in February 2009. The current crowdfunding round has a minimum goal of $60,000 and a maximum goal of $124,000. The campaign proceeds will be used for leasing or purchasing a truck, upgrading ovens, adding a freezer on the food truck, uniform upgrades, and refinancing high-interest debt.
Investment Overview
Invested : $107,111
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 07/24/2024
- Close Date
- 09/09/2024
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
11.50%
3.0 years
Company & Team
Company
- Year Founded
- 2009
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +7% YoY
- $1,581,540
- Monthly Burn
- $680
- Cash on Hand
- $7,029
- Gross Margin
- 70%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/09/2024 | Honeycomb | - | $107,111 | Debt | Funded | RegCF |