Red Feather
A new American wine bar and eatery
Overview
Raised: $56,655
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/02/2020
Close Date
01/06/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
Series
Series A
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$885
# of Investors
47
Momentum
Funded
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Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Red Feather, a farm to table restaurant in Ohio, is raising crowdfunding on Honeycomb. The contemporary American restaurant offers a casual dining experience, using classic culinary techniques. It is also an excellent meeting place for friends, business meetings, date nights, and other celebrations. Red Feather is owned by Chef Brad Bernstein. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $250,000. The raise funds will be used to restructure the setup, sustain the company, and open a retail wine shop, wine bar, ghost kitchen, and delicatessen. Red Feather has been one of the top restaurants in the Cincinnati area in the past many years and has been featured in food guides and magazines.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,539,597 |
$1,897,441 |
|
COGS |
$1,255,845 |
$680,359 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$213,879 |
$128,366 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$26,255 |
$-50,466 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$310,719 |
$134,279 |
|
Short-Term Debt |
$150,597 |
$47,080 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$150,597 |
$47,080 |
Financials as of: 11/02/2020
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