Bob’s Famous BBQ
Restaurants
Overview
Raised: $37,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/21/2022
Close Date
12/05/2022
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
9.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$501
# of Investors
11
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Bob’s Famous BBQ is raising funds on Honeycomb. The food business creates delicious barbecue and other products daily for the locals in Jacksonville, Florida. The restaurant will prepare and sell grilled and smoked meats paired with homemade side dishes and premium quality beverages. Bob’s Famous BBQ closed down sometime back and is reopening after a small hiatus at a new location. Brian Baker founded Bob’s Famous BBQ in May 2018. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for the buildout of the new location, new furniture, flooring, paint, new equipment, and licenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$304,019 |
$263,966 |
|
COGS |
$156,288 |
$151,939 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,148 |
$41,278 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$328 |
$1,488 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$13,381 |
$14,541 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/21/2022
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