Chimmelier

Chimmelier

Korean fried chicken

Korean fried chicken

Overview

Raised to Date: Raised: $43,139

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/19/2024

Close Date

03/18/2024

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

11.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

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

$1,541

# of Investors

33

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Life Style

Chimmelier is raising funds on Honeycomb. The food business offers delicious Korean fried chicken to the culinary landscape of Los Angeles, California. Chimmelier offers authentic and unique Korean fried chicken and brings the heritage of Korea to the city for people to enjoy and relish. The business has been featured at major events, like Red Bull, Coachella, Complexcon, and Head in the Clouds, and has a strong customer base. Kevin Son, Donghyuk Lee, and Jeff Jun founded Chimmelier in September 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to level up its space for a better customer and team experience.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,061,824

$436,402

COGS

$285,488

$182,275

Tax

$0

$0

 

 

Net Income

$165,965

$-109,231

Summary Balance Sheet

FY 2022 FY 2021

Cash

$12,186

$2,741

Accounts Receivable

$33,428

$0

Total Assets

$182,331

$64,664

Short-Term Debt

$18,109

$75,449

Long-Term Debt

$23,429

$29,246

Total Liabilities

$41,538

$104,695

Financials as of: 02/19/2024
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Chimmelier on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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