Wah Gwan
Restaurant
Overview
Raised: $0
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/22/2023
Close Date
10/15/2023
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
13.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
15
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Kansas City, Missouri
Wah Gwan is raising funds on Honeycomb. It is a Jamaican-Nigerian fusion restaurant in Kansas City, Missouri. Wah Gwan represents authentic and delicious Jamaican food and offers a fusion of Jamaican and Nigerian dishes in a great atmosphere. The business is highly focused on customer service and reported revenue growth of 118% in 2022. Tan Yarbrough founded Wah Gwan in January 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for appliances, payroll, and a liquor license.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$90,422 |
$121,462 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$24,560 |
$7,128 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$12,472 |
$3,155 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,472 |
$3,155 |
|
Short-Term Debt |
$-3,518 |
$-1,350 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$-3,518 |
$-1,350 |
Financials as of: 08/22/2023
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