Data / Crowdfunding / New Jersey / 40 Dreams Catering LLC
40 Dreams Catering LLC: crowdfunding raise on Honeycomb Portal LLC, $35,000 to $50,000 (2024)
40 Dreams Catering LLC, a limited liability company in Maplewood, NJ, filed a Form C with the SEC on April 25, 2024 to raise $35,000 to $50,000 in debt through Honeycomb Portal LLC. The offering closed on May 10, 2024. In its most recent fiscal year it reported $878,254 in revenue and $539,520 in net income, with 9 employees.
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- Website
- 40Dreams.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 24 WETMORE AVE, Maplewood, NJ 07040
- Legal form
- Limited Liability Company
- Jurisdiction
- NJ
- Incorporated
- April 5, 2024
- SEC CIK
- 0002018770
Offering terms
From the amendment filed April 25, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $35,000
- Maximum
- $50,000
- Deadline
- May 10, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed June 20, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $878,254 | $503,780 | sec.gov |
| Cost of goods sold | $17,068 | $12,895 | sec.gov |
| Net income | $539,520 | $70,594 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $276,076 | $47,423 | sec.gov |
| Cash | $3,240 | $21,642 | sec.gov |
| Accounts receivable | $181,181 | $0 | sec.gov |
| Short-term debt | $202,290 | $123,689 | sec.gov |
| Long-term debt | $878,254 | $503,780 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| June 20, 2024 | Progress update | $35,000 | $50,000 | May 10, 2024 | Total raised $50,000 | sec.gov |
| April 25, 2024 | Amendment | $35,000 | $50,000 | May 10, 2024 | Amendment to lower maximum offering amount | sec.gov |
| April 10, 2024 | Offering | $35,000 | $100,000 | May 10, 2024 | sec.gov |
Updated June 20, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.