Savoure Kitchen

Savoure Kitchen

Healthy Snacks

Healthy Snacks

Overview

Raised to Date: Raised: $6,475

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/15/2024

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

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/15/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$223

# of Investors

14

Momentum
Not Funded
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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

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.

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

Financials as of: 04/15/2024
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Savoure Kitchen on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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