Verde Market
Zero-waste grocery store
Overview
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
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,251
# of Investors
53
Momentum
Funded
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Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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