Chili Shack

Chili Shack

Restaurant

Restaurant

Overview

Raised to Date: Raised: $4,580

Total Commitments ($USD)

Platform

Honeycomb

Start Date

12/19/2023

Close Date

02/01/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Denver, Colorado

Business Type

Life Style

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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Chili Shack on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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