V Soul

V Soul

Closed: Mar. 2022

About this raise

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.

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Investment Overview

Invested this round: $24,450

Deal Terms

Total Commitments

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    Open SEC Filing

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Winder, Georgia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Shay Reed
Title
Owner
Founder Name
Derrick Ussery
Title
Co-Founder and Cook

Financials

 Revenue
$94,043
 Monthly Burn
Profitable
 Cash on Hand
$0
 Gross Margin
32%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/22/2022 Honeycomb - $24,450 Debt Funded RegCF
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Add to portfolio
V Soul on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Follow V Soul on Honeycomb 2022

Buy V Soul's Deal Report

Warning: according to the close date for this deal, V Soul may no longer be accepting investments.

V Soul Deal Report

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