Verde Market

Verde Market

Zero-waste grocery store

Zero-waste grocery store

Overview

Raised this Round: Raised: $101,300

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/11/2024

Close Date

02/26/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

5.0 years

Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Miami, Florida

Business Type

Life Style

Verde Market is raising funds on Honeycomb. It is a zero-waste grocery store and sustainable lifestyle store in Miami, Florida. Verde Market houses over 300 organic and healthy goods sourced responsibly and a curated selection of plastic-free goods. The business aims to supply the local community with real food and goods to help them rethink the way they shop and lead a zero-waste lifestyle. Pamela Barrera and Martha Balaguer founded Verde Market in March 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, equipment, and refinancing high-interest debt.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$336,182

$496,177

COGS

$142,952

$227,116

Tax

$0

$0

 

 

Net Income

$24,497

$-78,923

Summary Balance Sheet

FY 2022 FY 2021

Cash

$34,551

$36,761

Accounts Receivable

$0

$0

Total Assets

$177,831

$215,286

Short-Term Debt

$303,709

$304,260

Long-Term Debt

$0

$0

Total Liabilities

$303,709

$304,260

Financials as of: 01/11/2024
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Verde Market on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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