Chew On This Jerky

Chew On This Jerky


About this raise: 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.

Expand

Investment Overview

Invested this round: $37,600

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
05/16/2023
Close Date
06/22/2023
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

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
CUMBERLAND, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Eric Bowlus
Title
Owner

Financials

as of Fiscal Year 2022
 Revenue
$33,988
 Cash on Hand
$34,800
Gross Margin
98%

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/17/2023 Honeycomb - $2,550 Debt Not Funded RegCF
06/22/2023 Honeycomb - $37,600 Debt Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

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

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Chew on This Jerky on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Chew on This Jerky on Honeycomb 2023

Buy Chew On This Jerky's Deal Report

Warning: according to the close date for this deal, Chew On This Jerky may no longer be accepting investments.

Chew On This Jerky Deal Report

Get Kingscrowd's comprehensive report on Chew On This Jerky including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Chew On This Jerky is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Chew On This Jerky deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge