Shantell’s Just Until Restaurant

Shantell’s Just Until Restaurant

Closed: Apr. 2023

About this raise

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.

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Investment Overview

Invested this round: $28,230

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
03/14/2023
Close Date
04/28/2023
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Sanford, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Shantell Williams
Title
Co-owner
Founder Name
Cobbin McGee
Title
Co-owner

Financials

 Revenue
$454,975
as of FY2021
 Monthly Burn
Profitable
as of FY2021
 Cash on Hand
$20
as of FY2021
 Gross Margin
25%
as of FY2021

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

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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
04/28/2023 Honeycomb - $28,230 Debt Funded RegCF
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Shantell’s Just Until Restaurant on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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