Cebu Chicago
About this raise
Cebu Chicago is raising funds on Honeycomb. It is a modern Filipino restaurant in Chicago, Illinois, that aims to highlight Filipino cuisine in Chicago. Cebu Chicago showcases the rich Filipino culinary traditions and creates a welcoming environment for people to enjoy. It is a profitable business with growing revenues and profits and has been named the Best New Restaurant and Best Filipino Restaurant in Chicago. Malvin Tan, Marlon Tan, and Martin Tan founded Cebu Chicago in April 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for lighting and fixtures, tables and bar design, bathroom renovation, floor renovation, and miscellaneous expenses.
Investment Overview
Not Funded: $16,450
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 01/22/2024
- Close Date
- 03/04/2024
$50,000
$100,000
$100
Debt
Quarterly
RegCF
11.75%
3.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +4% YoY
-
$743,547
as of FY2022
- Monthly Burn
-
$4,036
as of FY2022
-
Runway
-
0.1 months
as of FY2022
- Gross Margin
-
74%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 03/04/2024 | Honeycomb | - | $16,450 | Debt | Not Funded | RegCF |
