Ethiopic Co

Operating

Ethiopic, LLC

Food & Beverage · Founded 2019

We opened our first location in Washington, DC in 2010. We invested $30,000 into the restaurant and did most of the work ourselves to become fully operational. We did so well that we were able to make $200,000 in profit in our first year. Eleven years of successfully running our first restaurant has taught us so many life lessons and that you can do so much with so little.

Latest valuation

—

No round has disclosed a priced valuation or cap.

Total raised

$74,000

Across 1 round since 2021

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source

2019

2020

RevenueNet income — beside revenue when positive, below the line when a loss

Metric

FY2019 reviewed*

FY2020 reviewed*

Income statement

Revenue

Cost of goods sold

Net income

Taxes paid

Balance sheet

Cash

Accounts receivable

Total assets

Short-term debt

Long-term debt

Total liabilities

Other

Headcount

—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Cap table

Principal holders% as the filing states it, Apr 29, 2021

Samuel Ergete50.0%of votes

Sold to the crowd

Reg CF · May 2021$74K· 80 investors

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · Revenue Share · May 2021Closedvia Mainvest

Raised $74K / $150KInvestors 80

Team

1 person

Meseret BekeleFounder

Owner and CoFounder

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

80 investors

holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

Form C-UJun 28, 20210001746059-21-000299
EDGAR
Form CApr 29, 20210001746059-21-000178
EDGAR

Source: ManualCIK 0001859075

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.