Taylor’s Tacos
Restaurants
Overview
Raised: $51,475
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/07/2022
Close Date
12/20/2022
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
206%
% of Max. Goal
51%
Likelihood of Max
Funded
Avg. Daily Raise
$1,197
# of Investors
58
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Taylor’s Tacos is raising funds on Honeycomb. It is a pop-up catering company in Chicago, Illinois, known for its authentic street-style tacos. The business offers on-site live-action service, self-serve taco bars, and taco trays and operates out of a commercial kitchen. Taylor’s Tacos has established a loyal customer base in Chicago and is planning to open its first brick-and-mortar restaurant. Maya Mason and Taylor Mason founded Taylor’s Tacos in April 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for taco shop buildout, staffing and training, supplies and inventory, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$404,203 |
$388,816 |
|
COGS |
$212,663 |
$320,139 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$18,843 |
$34,624 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$897 |
$4,988 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,727 |
$9,380 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/07/2022
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