Sonoma Pizza Co
Restaurant
Overview
Raised: $124,001
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/21/2023
Close Date
01/05/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,818
# of Investors
67
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Sonoma Pizza Co is raising funds on Honeycomb. It is a pizza place in Forestville, California that makes its pizzas using local and organic ingredients. Sonoma Pizza Co crafts its pizzas as an art and uses 100% organic blends sourced in Petaluma to make its naturally leavened sourdough crust. The business also has a beverage program that offers exclusive Sonoma local beers and wines on tap, housemade sodas, and ice cream floats. Chris Smith and Eda Atasoy founded Sonoma Pizza Co in June 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for backyard expansion, upgrades to the facilities, and a retail product line.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$982,852 |
$11,711 |
|
COGS |
$311,742 |
$2,581 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$566,227 |
$-77,141 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$60,963 |
$45,017 |
|
Accounts Receivable |
$4,298 |
$0 |
|
Total Assets |
$1,292,313 |
$788,970 |
|
Short-Term Debt |
$559,915 |
$110,248 |
|
Long-Term Debt |
$572,545 |
$368,000 |
|
Total Liabilities |
$1,132,460 |
$478,248 |
Financials as of: 11/21/2023
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