Soul Bites
Restaurants
Overview
Raised: $11,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/08/2022
Close Date
10/24/2022
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$266
# of Investors
17
Momentum
Not Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Soul Bites is raising funds on Honeycomb. It is a restaurant, bar, and upcoming entertainment venue in Santa Barbara, California. The business serves as a soul food bistro and community gathering space during the day and transforms into an intimate music venue at night. The stage at Soul Bites has hosted multiple performers, including The Foo Fighters, Kendrick Lamar, and The Silversun Pickups. Soul Bites has a loyal customer base and maintains a 5-star rating on Yelp for its food and service. Stirling Nix-Bradley and Rose Nix-Bradley founded Soul Bites in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for bar equipment, sound and lighting equipment, ADA-compliant bathrooms, beer and wine license, and surface renovation and furnishings.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-194,788 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,315 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/08/2022
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