Tally’s Silver Spoon

Tally’s Silver Spoon

Tally’s Silver Spoon is raising funds on Honeycomb. The diner in Rapid City, South Dakota, is known for its scratch-made dishes using locally and regionally sourced ingredients. Tally’s Silver Spoon offers breakfast, lunch, and dinner options on its ever-changing menu and uses farm-to-table practices to support local farms and artisans. The diner also offers a unique Omakase dining experience where guests let the chef create a personalized and multi-course meal for them. Benjamin Klinklel founded Tally’s Silver Spoon in April 2009. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for kitchen remodeling, new floors, new tables and chairs, and private dining.

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Investment Overview

Raised this Round: Raised: $2,750

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/27/2024
Close Date
01/13/2025
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2009
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Rapid City, South Dakota
Business Type
Life Style
Company Website
Visit Website

Team

Employees
60
Prior Founder Exits?
No
Founder Name
Benjamin Klinkel
Title
Chef and Owner

Financials

as of Fiscal Year 2023
 Revenue +66% YoY
$5,661,003
 Monthly Burn
Profitable
 Cash on Hand
$74,406
Gross Margin
37%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,661,003

$3,407,191

COGS

$3,584,166

$1,494,385

Tax

$0

$0

 

 

Net Income

$103,752

$-133,281

Summary Balance Sheet

FY 2023 FY 2022

Cash

$74,406

$62,995

Accounts Receivable

$375,918

$0

Total Assets

$970,411

$794,322

Short-Term Debt

$340,301

$168,357

Long-Term Debt

$353,318

$211,857

Total Liabilities

$693,619

$380,214

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/13/2025 Honeycomb - $2,750 Debt Active RegCF
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Tally’s Silver Spoon on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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