Overview
Raised: $40,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/14/2020
Close Date
08/18/2020
Min. Goal
$10,000
Max. Goal
$40,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,176
# of Investors
16
Momentum
Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Valley Tavern, a neighborhood bar in San Francisco, is raising funds on Honeycomb. The bar has a diverse selection of wines, beers, and cocktails, in addition to 20 screens for sports lovers. It is an Irish bar and a vital community hub, with exceptionally friendly staff and a friendly atmosphere. Valley Tavern is owned by Declan Hogan, Brittney Freed, and Vincent Hogan, and recently completed a successful crowdfunding round on Honeycomb. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $40,000, and the funds will be used to build a kitchen. Valley Tavern serves a wide selection of liquor, specialty cocktails, and 40 beers on Draught. The bar is led by experienced owners and is highly rated by its customers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,103,048 |
$994,479 |
|
COGS |
$588,940 |
$478,360 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$121,542 |
$30,919 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,045 |
$19,091 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$75,212 |
$81,168 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/14/2020
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