The Hen and Drake Modern Tearoom

The Hen and Drake Modern Tearoom

Open  for investment

About this raise: The Hen and Drake Modern Tearoom is raising funds on Honeycomb. It is a tearoom in Oakley, California, bringing a fresh take on tea culture. The Hen and Drake Modern Tearoom provides affordable and innovative dining experiences with its ever-changing seasonal menus and a pre-fixed menu at an affordable price. The business has a loyal customer base and has been featured in the East Bay Times. Erin Green founded The Hen and Drake Modern Tearoom in May 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for building out the brick-and-mortar space, buying kitchen equipment, and licensing.

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Investment Overview

Committed this round: $9,811

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
01/06/2025
Close Date
02/10/2025
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Oakley, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Erin Green
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$2,524
 Runway
0.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$635

$0

Tax

$0

$0

 

 

Net Income

$-30,288

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,061

$0

Accounts Receivable

$0

$0

Total Assets

$32,061

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
02/10/2025 Honeycomb - $9,811 Debt Active RegCF
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The Hen and Drake Modern Tearoom on Honeycomb 2025
Platform: Honeycomb
Security Type: Debt

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