Big C Waffles
Food
Overview
Raised: $56,000
Total Commitments ($USD)
Platform
MainVest
Start Date
04/19/2022
Close Date
05/13/2022
Min. Goal
$45,000
Max. Goal
$120,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,333
# of Investors
61
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Big C Waffles is raising funds on MainVest. The company sells waffles and chicken and aims to work on a franchise-based model. The business has perfected all aspects of waffles and chicken on the highest levels and sells in stadiums, festivals, weddings, corporate events, and college universities. Big C Waffles plans to focus on franchising and make the company a brand and a household name. Carl Richardson founded Big C Waffles in October 2014. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $120,000. The campaign proceeds will be used to start franchising the brand and concept.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$254,627 |
$281,451 |
|
COGS |
$103,690 |
$119,107 |
|
Tax |
$11,201 |
$17,504 |
| ||
| ||
|
Net Income |
$24,799 |
$10,553 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,399 |
$2,041 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$15,502 |
$2,241 |
|
Short-Term Debt |
$6,000 |
$5,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$6,000 |
$5,000 |
Financials as of: 04/19/2022
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