Lustro Comments

Discuss this Deal with other Investors

Voila Afrique

Voila Afrique is expanding into a larger space to offer more menu items and accommodate more customers!

Print
Claim My Business
Security Type
Common Stock
Categories
Food & Bev
Location
NEW YORK, NY
Expected Close Date
September 25, 2023
Target Raise
$50.00K-$100.00K
No. Investors
11
Security Price
$1
Number of Employees
10
Cash
$68,000
Revenue
$350,000
Short Term Debt
$0
Cost of Goods
$222,000
Long Term Debt
$68,000
Net Income
$8,000

Company Description

We are an African-owned business based in Midtown East, New York City. We are certified as a Minority-Owned Business Enterprise (MBE) by the New York City Department of Small Business Services. The company was founded on a vision to shift boundaries in African cuisine and affirm the continent's resourcefulness through its colorful and sometimes untapped spices, roots, tubers, and grains. We connect the slave routes from Africa to the Americas and the Caribbean and amplify the evolution and commonalities of African food in these three regions. Voila Afrique, therefore, offers a variety of African and Latin American street food, including vegan options. The menu features dishes such as jollof rice, coconut fried rice, ugali, banku, kenkey, plantain fufu, eba (yuca balls), white rice, pounded yam, organic vegetable medley, peanut butter stew, vegan beef suya, organic collard greens & kale, vegan egusi, halal goat meat stew, halal beef stew, and egusi. Voila Afrique also offers catering services.

Key Deal Facts

Voila Afrique has been featured in Eater Magazine as one of the best West African restaurants in Manhattan., Established in 2020 on the cusp of the 2019 pandemic, Voila Afrique remains determined to stay open and contribute to the local economy, Voila Afrique's revenue has been growing exponentially: In 2022, revenue grew by 56% from 2021!, The business has had a profitable 2023 to date and expects to reach their revenue target of nearly 1 million dollars by the end of the year.

Amount Raised : $10,200
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Common stock is a security that represents ownership in a corporation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments