The Salty Chefs

The Salty Chefs

Restaurant

Restaurant

Overview

Raised this Round: Raised: $4,850

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/30/2024

Close Date

06/29/2024

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

12.00%

Term Length

3.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Buffalo, New York

Business Type

Life Style

The Salty Chefs is raising funds on Honeycomb. It is a quick-service breakfast and lunch restaurant in Amherst, New York. The Salty Chefs is known for its unique burgers made with locally-raised beef, homemade soups, healthy salads, and other baked goods. The restaurant caters to business and working crowds and has been named the #7 best lunch spot in Buffalo. Donna Viertel and David Viertel founded The Salty Chefs in March 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase equipment and refinance high-interest debt.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$145,630

$90,665

COGS

$0

$1,956

Tax

$0

$0

 

 

Net Income

$12,077

$-60,682

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,381

$893

Accounts Receivable

$0

$0

Total Assets

$27,434

$29,241

Short-Term Debt

$6,626

$9,386

Long-Term Debt

$3,900

$3,900

Total Liabilities

$10,526

$13,286

Financials as of: 05/30/2024
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The Salty Chefs on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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