Shantell’s Just Until Restaurant
Restaurants
Overview
Raised: $28,230
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/13/2023
Close Date
04/28/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$627
# of Investors
31
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Shantell’s Just Until Restaurant is raising funds on Honeycomb. It is a full-service restaurant in Sanford, Florida, that offers Southern, Caribbean, and seafood cuisine. The restaurant also offers vegan and vegetarian dishes and creates a wonderful ambiance with live jazz, live reggae, Talk Taboo conversations, and other craft artist offerings. Shantell’s Just Until Restaurant is led by an experienced team and has won several awards. Shantell Williams and Cobbin McGee founded Shantell’s Just Until Restaurant in May 2020. 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 staff training, kitchen equipment, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$454,975 |
$0 |
|
COGS |
$342,634 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$62,349 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$20 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$66,538 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/13/2023
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