The Veggie
Restaurants
Overview
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
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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