V Soul
Restaurants
Overview
Raised: $24,450
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/08/2022
Close Date
03/22/2022
Min. Goal
$18,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$582
# of Investors
22
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
V Soul is raising funds on Honeycomb. It is a soul food restaurant located in Winder, GA. The restaurant offers delicious soul food in a family-friendly environment. The offerings of V Soul include Turkey Wings, Oxtails, Fried Chicken, Catfish, Collard Greens, Cabbage, and Cornbread. V Soul already has a loyal customer base and won the ‘Best in Georgia’ award after only five months of operations. Shay Reed and Derrick Ussery founded V Soul in May 2021. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $100,000. The campaign proceeds will be used for purchasing new equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$94,043 |
$0 |
|
COGS |
$63,709 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$18,156 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/08/2022
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