New York

Vico Restaurant & Bar

$40,000 Funded
$40,000 Target
Closed Time Left
23 Investors
$10,000 Min. Raise
$40,000 Max. Raise
36 mo. Term Length
12.0% Interest Rate




Vico Restaurant is a regional Italian restaurant located in historic Hudson, NY. We are attempting to raise funds to refinance and work on renovation projects to provide an even better dining experience!

We are looking to borrow between $10,000 and $40,000 at 12.00% over 36 months. Anyone at least 18 years old can invest.

The Project

We are raising funds to provide working capital for our general operations, particularly refinancing some existing debt obligations. We have been paying off this debt as agreed, however refinancing would enable us to free up our cash flows to replace some of our aging kitchen equipment with more energy efficient models as well as do some renovations or our bar and dining area. These renovations would allow us to provide an even better dining experience to our customers as well as increase our seating capacity.



About Vico Restaurant

Vico Restaurant is a regional Italian restaurant located in historic Hudson, NY. We offer a modern take on the traditional cuisines of Tuscany and other regions of Italy in a relaxed, friendly atmosphere. At Vico, we use the freshest meats, produce, and dairy from Hudson Valley farmers as well as artisanal cheeses and salumi imported from Italy. Our kitchen produces fresh, homemade pasta and fresh-baked focaccia daily, in addition to scratch desserts.  During the summer months, we also offer al fresco dining in our private garden, while our two working fireplaces provide fireside dining when the temperature drops. A large portion of our business also comes through catering special events.


Image result for vico restaurant


Fast Facts

  • Raising up to $40,000 to refinance high-interest loans and use for general restaurant expenses.
  • Open since 2006, the restaurant has been open and serving food to the Hudson, NY community ever since.
  • Personal guaranties from the owners.
  • 12.00% interest rate with additional investor perks:
    • ​$1,000 investment: Free bottle of wine (your choice) with dinner.
    • $2,500 investment: Dinner for 2 featuring a special menu created by Mark
    • $5,000 investment: Add another 2 people to your special dinner

Note: Perks are retroactive and cumulative.


About the Team



Vico restaurant & bar co-owners Adam Klersfled, left, and Mark Ganem stand in the dining room of their Hudson eatery. (Freeman photo by Tania Barricklo)


Mark Ganem and Adam Klersfeld have owned and operated Vico Restaurant since 2006.


Deal Summary

Deal Summary


County Route Catering, Inc. (dba "Vico Restaurant")

Security Type

Unsecured Loan

Loan Purpose

Refinance existing high interest debt and other general expenses

Offering Amount

$10,000 - $40,000

Interest Rate



Monthly, Disbursed to Investors Quarterly


36 months

Personal Guaranty

Yes, Mark Ganem and Adam Klersfeld

Security Interest





Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. Once the campaign successfully reaches its target, the funds will be distributed to Vico Restaurant.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

Investment Amount

One-Time Fee

Potential Quarterly Repayments*

Potential Total Repayment*

















*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest, they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a fully amortizing loan: principal and interest are paid down starting with the first payment. There are no prepayment penalties and Vico Restaurant may pay down their loan early which may impact your earnings potential. Please note, returns are not guaranteed and investors could lose some or all of their investment.

Your ongoing responsibilities from investing are very limited. Each year over the life of the loan you will receive a 1099-INT, this is a simple tax document similar to what you receive for most savings accounts.

When Vico Restaurant pays as agreed, you will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the Administrative Agent to manage the collections process on investors' behalf.


How Honeycomb is Compensated

Honeycomb charges Vico Restaurant a 6.0% loan origination fee if this campaign is successfully funded. Our origination fee is reduced and our posting fee is waived for Vico Restaurant because they are an Early Adopter.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

Like what you see?  Check out our other campaigns here!



Q & A

+ (1) What happens if you raise $10,000 but not $40,000? What does or does not get done? (2) Realistically, do you need to raise the whole $40,000 to achieve cash flow improvement? (3) How long will the restaurant be out of service to effect the improvements described? (4) What protection do note purchasers have that the proceeds of the offering will not merely go to the owners in return for another note payable? (5) What are the "additional perks" mentioned in the introduction?

I appreciate your questions! Here are my answers: 1) Any proceeds between 10K and 40K will go toward refinancing our short-term debt before we embark on any other projects. Our projects, such as renovation, will then be financed from operational income. 2) We have calculated that a 40K inflow, with the subsequent payments would make us cash-flow positive within 2-3 months, allowing us to accumulate cash that we will then be able to direct toward additional projects. Any amount short of that will be helpful but necessitate additional time to build up enough cash to enact our improvement plans. 3) Any work we do that requires closure of the restaurant will take place during our winter break which runs from 2-3 weeks in January. This will not be the first time we've made major renovations. We have done multiple, extensive renovations previously - ie replacing our entire street frontage, replacing all the french doors opening onto our deck (and rebuilding the wall), as well as replacing our previous deck with a new structure - all without losing a day's business. We can do this by staging work during weekdays, when we are open only in the evening for dinner. 4) I'm not sure what guarantee I can offer (I can look into it) other than to say that we have been in business for 13 years and look forward to remaining in business for a long time to come. Over those years we have put in far more money than we have taken out of the business. Bear in mind that the notes payable are short-term,and we as owners are obligated to repay them. By contrast, we have never taken a distribution of our earnings (though as pass-thru income we've payed income tax on them) but kept our profits in the company. 5) Not sure where the "additional perks" came from - that part of the offer was written by Honeycomb staff. That said I'm open to suggestion - what perks would you like to see? -Thanks, Mark

+ Upon reviewing your financials, it looks like you are cash poor. Could you comment on cash flow? Also, can you provide some additional details on the note receivable? Is that expected to be collected on in the near future? Thanks!

Thank you for asking! Improving our cash flow is the primary purpose of our Honeycomb campaign. We believe that our cash shortage is the result of taking on short-term (up to 18mo.) debt at high interest rates, typically to cover our slow winter season. Should our Honeycomb campaign be fully subscribed at $40,000, we would reduce our monthly debt service from approx. $2500 to approx. $1300, resulting in positive cash flow by early Q2 2018, allowing us to build a much-needed cash cushion. Regarding the note receivable: Adam and I have chosen not to take distributions from our S-corp earnings, instead borrowing from the company as needed for personal expenses and repaying on a revolving basis. This is because our other source of income, freelance writing, is unevenly distributed. This asset account is offset by a liability account of expenditures we have made on behalf of the company. The expectation is that any funds borrowed in this way (either by the company or by ourselves) will be repaid within 12 months. - Mark Ganem, Vico Restaurant