Chili Shack
Restaurant
Overview
Raised: $4,580
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/19/2023
Close Date
02/02/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/02/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$104
# of Investors
4
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Chili Shack is raising funds on Honeycomb. It is a restaurant in Colorado that serves authentic Mexican food. Chili Shack provides delicious Mexican food to all patrons, especially green chili enthusiasts, and uses fresh ingredients for all its preparations. The business has been in operation for over five years and is ready to open its fifth location. Abraham Olivas founded Chili Shack in January 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 opening the new location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,305,380 |
$1,117,386 |
|
COGS |
$519,349 |
$487,708 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$226,535 |
$22,064 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$68,690 |
$61,539 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$92,151 |
$122,746 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$41,796 |
$75,447 |
|
Total Liabilities |
$41,796 |
$75,447 |
Financials as of: 12/19/2023
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