Bocadillo Market

Bocadillo Market

Bocadillo Market is raising funds on Honeycomb. It is a Spanish-inspired restaurant and culinary concept in Chicago, Illinois. Bocadillo Market blends Spanish tradition and contemporary flavors and serves them at its daytime cafe and evening dining destination. The business offers guests a welcoming and innovative experience and has received stellar reviews and several awards. James Martin and Jessica Neal founded Bocadillo Market in February 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, physical improvements, production equipment, hiring and training, accounting, and overhead costs.

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Investment Overview

Raised this Round: Raised: $15,250

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/13/2024
Close Date
12/13/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
James Martin
Title
Chef and Co-Owner
Founder Name
Jessica Neal
Title
Co-Owner and Creative Director

Financials

as of Fiscal Year 2023
 Revenue -25.1% YoY
$653,969
 Monthly Burn
$8,109
 Runway
0.3 months
Gross Margin
78%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$653,969

$872,944

COGS

$141,233

$202,170

Tax

$0

$0

 

 

Net Income

$-97,312

$-27,879

Summary Balance Sheet

FY 2023 FY 2022

Cash

$2,693

$32,312

Accounts Receivable

$0

$0

Total Assets

$191,537

$259,394

Short-Term Debt

$68,841

$88,730

Long-Term Debt

$286,182

$330,521

Total Liabilities

$355,023

$419,251

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/13/2024 Honeycomb - $15,250 Debt Active RegCF
09/24/2021 MainVest - $23,600 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Bocadillo Market on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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