The Veggie

Restaurants

Overview

Raised to Date: Raised: $100,005

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/09/2022

Close Date

12/23/2022

Min. Goal

$25,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Debt

Payment Schedule

Monthly

Funding Type

RegCF

Interest Rate

13.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

Days Remaining
Funded
% of Min. Goal

400%

% of Max. Goal

81%

Likelihood of Max
Funded
Avg. Daily Raise

$2,273

# of Investors

83

Momentum
Funded
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Location

Huntsville, Alabama

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

The Veggie is raising funds on Honeycomb. It is an all-vegan fast-casual restaurant in Huntsville, Alabama, that offers a diverse menu for vegan and veg-curious consumers. The restaurant is 100% vegan and also offers special catering services, including allergy-friendly options for customers with soy, nut, and gluten allergies. The offerings of The Veggie include its Philly Cheese Patty Melt, a vegan chicken sandwich made with mushrooms, and Crabless Cake Sandwich. Adyre Mason founded The Veggie in October 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for debt payoff, a brand refresh, new lease acquisition, and moving costs.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$308,038

$93,810

COGS

$228,343

$41,470

Tax

$0

$0

 

 

Net Income

$-893

$17,364

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,180

$11,811

Accounts Receivable

$705

$705

Total Assets

$7,885

$12,516

Short-Term Debt

$23,797

$1,981

Long-Term Debt

$1,139

$6,012

Total Liabilities

$24,936

$7,993

Financials as of: 11/09/2022
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The Veggie on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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