Winnie & Ethel’s Downtown Diner

Winnie & Ethel’s Downtown Diner

[Closed for Investment] Winnie & Ethel’s Downtown Diner is raising funds on Honeycomb. It is a diner in Las Vegas, Nevada, known for its timeless charm of 1940s American diners. Winnie & Ethel’s Downtown Diner offers an exciting dining experience in a warm setting and fosters a sense of community where people come together, share meals, and build connections. The diner was named by Eater Las Vegas as one of the 23 hottest restaurants to watch in December 2023 and was named to Yelp’s Best Diner Restaurants in America list. Aaron Lee and Mallory Gott founded Winnie & Ethel’s Downtown Diner in October 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for packaging design, packaging materials, marketing and advertising, digital advertising, website customization, public relations, labor, shipping, and working capital.

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Investment Overview

Deal Terms

Platform
Honeycomb
Start Date
07/15/2024
Close Date
08/15/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.50%

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Las Vegas, Nevada
Company Website
Visit Website

Team

Employees
17

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue
$149,607
 Monthly Burn
$23,363
 Runway
2.8 months
Gross Margin
57%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$149,607

$0

COGS

$63,703

$0

Tax

$0

$0

 

 

Net Income

$-280,355

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$66,486

$0

Accounts Receivable

$0

$0

Total Assets

$87,266

$0

Short-Term Debt

$51,525

$0

Long-Term Debt

$55,579

$0

Total Liabilities

$107,104

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/15/2024 Honeycomb - $0 Debt Funded RegCF
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Winnie & Ethel’s Downtown Diner on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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