The Green Kitchen

The Green Kitchen

Closed: May. 2024

About this raise

The Green Kitchen is raising funds on Honeycomb. It is a food catering business in Richmond, Virginia that caters to people with dietary needs. The Green Kitchen also caters to private events and dinners and offers cooking classes for people looking to enhance their culinary skills. The business also serves as a community hub to bring people together and connect over shared values and local resources. Tammy Brawley founded The Green Kitchen in October 2011. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $40,000. The campaign proceeds will be used for refinancing high-interest debt, refrigerator purchase, hood cleaning, grease trap pumping, and gas range purchase.

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Investment Overview

Invested this round: $30,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
04/24/2024
Close Date
05/24/2024
Min. Goal
$30,000
Max Goal
$40,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2011
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Richmond, Virginia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Tammy Brawley
Title
CEO/Chef

Financials

as of Fiscal Year 2023
 Revenue -18.9% YoY
$110,555
 Monthly Burn
Profitable
 Cash on Hand
$10,874
Gross Margin
63%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$110,555

$136,333

COGS

$41,183

$38,450

Tax

$0

$0

 

 

Net Income

$31,059

$33,251

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,874

$8,356

Accounts Receivable

$0

$0

Total Assets

$10,874

$8,356

Short-Term Debt

$15,397

$15,397

Long-Term Debt

$0

$0

Total Liabilities

$15,397

$15,397

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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
05/24/2024 Honeycomb - $30,000 Debt Funded RegCF
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Add to portfolio
The Green Kitchen on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, The Green Kitchen may no longer be accepting investments.

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