From Scratch
Italian Restaurant
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/22/2021
Close Date
04/20/2021
Min. Goal
$15,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,786
# of Investors
21
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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 |
Financials as of: 03/22/2021
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