Savoure Kitchen

Savoure Kitchen

[Closed for Investment] Savoure Kitchen is raising funds on Honeycomb. The food business in Kent, Ohio, is known for its meticulously curated wine and cheese pairings and gourmet nut mixes. Savoure Kitchen creates high-quality and clean nut mixes, sauces, and salad dressings and offers unique flavors for special occasions and everyday enjoyment. The business is known for healthier solutions for dinner and snacking needs and sells its products at farmers’ markets, farm stores, and online. Julie Radcliffe founded Savoure Kitchen in February 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for hiring a co-packer, updating packaging, labels, and designs, expanding the product line by three SKUs, redoing the e-commerce footprint, and exhibitions for expansion.

Expand

Investment Overview

Raised this Round: Raised: $6,475

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
04/16/2024
Close Date
05/15/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Stow, Ohio
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Julie Radcliffe
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -16.3% YoY
$21,591
 Monthly Burn
$558
 Runway
1.8 months
Gross Margin
60%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$21,591

$25,795

COGS

$8,715

$19,021

Tax

$0

$0

 

 

Net Income

$-6,700

$-20,964

Summary Balance Sheet

FY 2023 FY 2022

Cash

$996

$2,488

Accounts Receivable

$891

$306

Total Assets

$9,994

$9,160

Short-Term Debt

$5,455

$7,528

Long-Term Debt

$22,639

$24,142

Total Liabilities

$28,094

$31,670
Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/15/2024 Honeycomb - $6,475 Debt Not Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Savoure Kitchen on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Savoure Kitchen on Honeycomb 2024
View on Honeycomb

Buy Savoure Kitchen's Deal Report

Warning: according to the close date for this deal, Savoure Kitchen may no longer be accepting investments.

Savoure Kitchen Deal Report

Get Kingscrowd's comprehensive report on Savoure Kitchen including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Savoure Kitchen is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Savoure Kitchen deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge