Voila Afrique
Restaurant
Overview
Raised: $10,200
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/21/2023
Close Date
09/25/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.00%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/26/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$155
# of Investors
12
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
NEW YORK, New York
Voila Afrique is raising funds on Honeycomb. It is an African-owned restaurant in New York City, New York. Voila Afrique serves a variety of African and Latin American street food, including coconut fried rice, ugali, banku, kenkey, yuca balls, pounded yam, peanut butter stew, vegan beef suya, egusi, and many others. The restaurant has been featured in Eater Magazine and reported a 56% revenue growth in 2022. George Duncan founded Voila Afrique in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for the rental of larger space, payment of rent arrears, rebranding and marketing, and equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$350,000 |
$393,251 |
|
COGS |
$222,000 |
$139,544 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,000 |
$-7,935 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$68,000 |
$20,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$293,000 |
$190,000 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$68,000 |
$35,000 |
|
Total Liabilities |
$68,000 |
$35,000 |
Financials as of: 07/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.