From Scratch

Italian Restaurant

Analytics

Raised to Date: $50,000

Aggregate Commitments $
Platform

Honeycomb

Start Date

03/23/2021

Close Date

04/20/2021

Min. Goal

$15,000

Max. Goal

$50,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Rolling Commitments $
Status
Funded
Reporting Date

04/21/2021

Days Remaining
Funded
% of Min. Goal

333%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$1,786

# of Investors

21

Momentum
Funded
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Location

Oradell, New Jersey

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

From Scratch, an Italian restaurant in New Jersey, is raising funds on Honeycomb. The restaurant uses authentic, high-quality, and locally-sourced ingredients to serve its pizzas, pasta, pinsa romana, and bakery items. Claudia Rovegno and Roberto Santagati founded From Scratch in 2016. The proceeds of the current crowdfunding round, with a minimum target of $15,000 and a maximum target of $50,000, will be used towards renovation, purchase of equipment, and marketing and advertising. From Scratch uses authentic Italian recipes and has a loyal base of customers. The business received Best Takeaway Food in Ridgewood Award in 2020, Best of Ridgewood Award in 2020, and Best of Ridgewood Award in 2016.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$431,075

$422,768

COGS

$165,556

$164,724

Tax

$0

$0

 

 

Net Income

$14,378

$7,171

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$8,672

$0

Accounts Receivable

$0

$0

Total Assets

$96,528

$100,959

Short-Term Debt

$18,462

$18,224

Long-Term Debt

$86,697

$103,236

Total Liabilities

$105,159

$121,460

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