Sidekicks Salsa

Sidekicks Salsa

Salsa Company

Salsa Company

Overview

Raised to Date: Raised: $25,500

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/26/2024

Close Date

03/25/2024

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

13.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$911

# of Investors

26

Momentum
Funded
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Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Cleveland, Ohio

Business Type

Growth

Sidekicks Salsa is raising funds on Honeycomb. It is a fresh salsa company in Cleveland, Ohio, that makes delicious salsa using fresh and high-quality ingredients. Sidekicks Salsa sells its salsa through a number of local and national grocers, including Heinen’s, Buehler’s, Market District, and Whole Foods. The business has grown its revenue by 10% over the past two years and has also won contests for its salsa. Jessica Green and Daniel Soza founded Sidekicks Salsa in December 2023. 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 purchasing a nitrogen flush machine, licensing and certification, and food trade shows.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$90,385

$79,646

COGS

$63,642

$60,460

Tax

$0

$0

 

 

Net Income

$4,461

$-34,799

Summary Balance Sheet

FY 2023 FY 2022

Cash

$48

$3,011

Accounts Receivable

$18,431

$9,627

Total Assets

$28,492

$22,651

Short-Term Debt

$9,519

$9,883

Long-Term Debt

$77,600

$77,600

Total Liabilities

$87,119

$87,483

Financials as of: 02/26/2024
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Sidekicks Salsa on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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