Thyme Management
Prepared, healthy meals for delivery
Overview
Raised: $26,900
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/16/2021
Close Date
05/14/2021
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$464
# of Investors
28
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Thyme Management, a food-delivery business, is raising crowdfunding on Honeycomb. The business delivers ready-to-eat and healthy meals twice weekly. The meals are available in individual and family-style options and range from nutritionally-balanced meals, Whole 30 options, and plant-based meals to keto options. Kim Agnew founded Thyme Management in 2017. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $75,000, and the proceeds will be used to open a new cafe, purchase equipment, and support additional payroll. Thyme Management has a large customer base and has a 75%-80% conversion rate with customer inquiries.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$212,556 |
$216,469 |
|
COGS |
$90,997 |
$92,930 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,448 |
$19,263 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,848 |
$7,312 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$31,268 |
$32,732 |
|
Short-Term Debt |
$29,746 |
$43,012 |
|
Long-Term Debt |
$72,962 |
$8,843 |
|
Total Liabilities |
$102,708 |
$51,855 |
Financials as of: 03/16/2021
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