Sidekicks Salsa
Salsa Company
Overview
Raised: $25,500
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/26/2024
Close Date
03/26/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.25%
Term Length
3.0 years
Rolling Commitments ($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
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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