Overview
Raised: $1,850
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/20/2023
Close Date
12/17/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
14
% of Min. Goal
7%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$142
# of Investors
5
Momentum
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Chew on This Jerky is raising funds on Honeycomb. It is a veteran-owned gourmet jerky company that prides itself on providing quality products and top-notch customer service. Chew on This Jerky offers mild Traditional Western Beef Jerky to hot and spicy Sriracha Beef Jerky, and everything in between. The business has a loyal customer base and reported a 77% year-over-year revenue growth in 2022. Eric Bowlus founded Chew on This Jerky in 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$98,488 |
$55,471 |
|
COGS |
$55,144 |
$27,743 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,756 |
$1,931 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,694 |
$4,876 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$34,030 |
$5,214 |
|
Short-Term Debt |
$23,944 |
$24,154 |
|
Long-Term Debt |
$3,503 |
$0 |
|
Total Liabilities |
$27,447 |
$24,154 |
Financials as of: 11/20/2023
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