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QUEENS

Operating

QUEENS SF, LLC

Food & Beverage · Founded 2015

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Korean American food brand that's for people & the planet

Valuation cap ⓘ
$3.5M
As of Oct 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$104,850
Across 1 round since 2023

Financials

FY2021–FY2024 · from SEC filings · hover any figure for its source
$739K
−$6K
2021
$617K
−$11K
2022
$347K
−$35K
2023
$204K
−$31K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 unaudited
FY2022 unaudited
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$739,223
$617,472
$346,834
$204,161
Cost of goods sold
$243,115
$217,332
$171,397
$66,542
Gross margin
67%
65%
51%
67%
Net income
-$6,222
-$11,299
-$35,198
-$31,297
Taxes paid
$21,484
$25,484
$0
$0
Balance sheet
Cash
$22,652
$3,745
$6,210
$16,113
Accounts receivable
$96
$53,120
$4,221
$11,212
Total assets
$355,550
$372,173
$101,754
$72,586
Short-term debt
$29,033
$174,956
$3,782
$5,892
Long-term debt
$810,000
$810,000
$990,000
$1,332,000
Total liabilities
$839,033
$984,956
$993,782
$1,337,892
Other
Headcount
—
4
—
3

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”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$3.5M
Valuation cap
Reg CF · Note · Aug 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Aug 2023Closedvia WeFunder
Raised $104.9K / $124KInvestors 118Valuation cap $3.5M

Team

2 people
Clara LeeFounder
Co-Founder and Managing Member
Eddo KimFounder
Co-Founder and Managing Member

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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

Not requiredFewer than 300 holders of record

Filed 1 of 3 annual reports (FY2023–FY2025)

118 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-ARApr 10, 20250001670254-25-000353
    EDGAR
  • Form CAug 14, 20230001670254-23-000769
    EDGAR
Source: ManualCIK 0001989498

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.