Street Bites

Street Bites

Food Business

Food Business

Overview

Raised to Date: Raised: $1,950

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/25/2024

Close Date

03/22/2024

Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/23/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$75

# of Investors

8

Momentum
Not Funded
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Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Lewisville, Texas

Business Type

Life Style

Street Bites is raising funds on Honeycomb. It is a food business in Lewisville, Texas, specializing in authentic Texas street food. Street Bites also provides catering services for weddings, corporate gatherings, birthdays, and more and is known for its delicious offerings and top-notch customer service. The business has a loyal customer base and won the Texas Food Challenge in 2021 and the Lantana TX BBQ Contest in 2023. Evan Moore founded Street Bites in May 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used to purchase a vintage food truck and make food truck renovations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$927,676

$771,073

COGS

$166

$2,533

Tax

$0

$0

 

 

Net Income

$73,448

$116,837

Summary Balance Sheet

FY 2023 FY 2022

Cash

$91,182

$67,514

Accounts Receivable

$927,510

$773,606

Total Assets

$1,372,192

$1,013,620

Short-Term Debt

$32,347

$6,000

Long-Term Debt

$78,243

$78,243

Total Liabilities

$110,590

$84,243

Financials as of: 02/25/2024
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Street Bites on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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