Tatas Tacos
Restaurant
Overview
Raised: $6,675
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/10/2023
Close Date
12/26/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
23
% of Min. Goal
27%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$124
# of Investors
10
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Tatas Tacos is raising funds on Honeycomb. The restaurant is based in Chicago, Illinois, and offers flavorful and healthy tacos. Tatas Tacos also serves Latin-inspired fusion dishes and brings a cutting culinary edge to authentic flavors and recipes. The business delivers high-quality dining experiences and has been featured in several publications, including Eater Chicago, Taste of Hope Gala, and Block Club. Maricela Berner founded Tatas Tacos in November 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for refinancing debt.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$998,893 |
$140,669 |
|
COGS |
$275,928 |
$71,756 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$132,916 |
$-157,453 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$188,814 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$580,135 |
$0 |
|
Short-Term Debt |
$229,129 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$229,129 |
$0 |
Financials as of: 10/10/2023
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