Chew On This Jerky

Chew On This Jerky

Dedicated to the love of good old-fashioned jerky.

Dedicated to the love of good old-fashioned jerky.

Overview

Raised to Date: Raised: $37,600

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/15/2023

Close Date

06/21/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,016

# of Investors

32

Momentum
Funded
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

CUMBERLAND, Maryland

Business Type

Growth

Chew on This Jerky is raising funds on Honeycomb. It is a veteran-owned gourmet jerky company that prides themselves 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. Eric Bowlus founded Chew on This Jerky in 2017. Eric is a U.S. Army veteran and has 50 years of experience in the food manufacturing and co-packing industry. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for inventory, working capital and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$33,988

$55,471

COGS

$664

$27,742

Tax

$0

$0

 

 

Net Income

$31,448

$1,932

Summary Balance Sheet

FY 2022 FY 2021

Cash

$34,800

$2,729

Accounts Receivable

$0

$0

Total Assets

$63,136

$3,068

Short-Term Debt

$20,863

$24,154

Long-Term Debt

$3,503

$0

Total Liabilities

$24,366

$24,154

Financials as of: 05/15/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chew On This Jerky 12/16/2023 Honeycomb - $2,550 Debt Not Funded RegCF
Chew On This Jerky 06/21/2023 Honeycomb - $37,600 Debt Funded RegCF
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Chew on This Jerky on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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