The Vintage LBC
Wine and Cheese Bar
Overview
Raised: $20,981
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/08/2023
Close Date
12/25/2023
Min. Goal
$45,000
Max. Goal
$90,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/09/2023
Days Remaining
16
% of Min. Goal
47%
% of Max. Goal
23%
Likelihood of Max
Avg. Daily Raise
$677
# of Investors
15
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The Vintage LBC is raising funds on Honeycomb. It is a wine and cheese bar in Long Beach, California. The Vintage LBC is the right place for cheese enthusiasts and wine aficionados to taste wine and cheese from a rotating seasonal menu. The curated selection of cheese flights at The Vintage LBC is complemented by a carefully crafted wine list to create a wholesome experience and cater to a wide range of culinary preferences. Vanessa Harmon founded The Vintage LBC in May 2022. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used to refinance high-interest debt, expand the menu, and fund working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$66,064 |
$0 |
|
COGS |
$2,689 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$3,580 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$6,856 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$56,142 |
$0 |
|
Short-Term Debt |
$143,252 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$143,252 |
$0 |
Financials as of: 11/08/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.