Chimmelier
Korean fried chicken
Overview
Raised: $43,139
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/19/2024
Close Date
03/19/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
3.0 years
Rolling Commitments ($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
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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