Squash the Beef
A vegan catering company
Overview
Raised: $30,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/30/2020
Close Date
08/15/2020
Min. Goal
$15,000
Max. Goal
$30,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$667
# of Investors
78
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Squash the Beef, a vegan catering company in Northeast Ohio, is raising funds on Honeycomb. The company caters to events and provides concessions for fairs and festivals. The catering company also hosts pop-up events and sells its foods and beverages at local cafes. The offerings of Squash the Beef include Comfort Cone, Comfort Burger, and Comfort Rolls. Squash the Beef was founded by Kurtis J. Williams, Sr. and Candace Maiden in 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $30,000, and the funds will be used to purchase a new food trailer, marketing materials, labels, and packaging. Squash the Beef participated in the Cleveland Vegfest in 2019 and made $7,000 in sales. It has catered three weddings and continues to sell out at popups.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$53,142 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,025 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,309 |
$0 |
|
Accounts Receivable |
$229 |
$0 |
|
Total Assets |
$11,529 |
$0 |
|
Short-Term Debt |
$9,371 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,371 |
$0 |
Financials as of: 06/30/2020
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