Street Bites
Food Business
Overview
Raised: $1,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/25/2024
Close Date
03/23/2024
Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
3.0 years
Rolling Commitments ($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
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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