FH Jerk
Caribbean jerk products
Overview
Raised: $5,150
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/09/2023
Close Date
09/07/2023
Min. Goal
$25,000
Max. Goal
$55,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/08/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$178
# of Investors
5
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
FH Jerk is raising funds on Honeycomb. The business is based in Chicago, Illinois, and specializes in Caribbean jerk products. FH Jerk’s offerings include authentic jerk seasonings, marinades, and sauces crafted using high-quality ingredients and bold flavors. The business started as a food truck, doubled its annual revenue from 2021 to 2022, and made its way into major grocery retailers. Whit Gardner and Clifton Gardner founded FH Jerk in March 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $55,000. The campaign proceeds will be used to purchase kitchen equipment, secure a retail lease, inventory, and repay personal loans.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$32,315 |
$124,006 |
|
COGS |
$7,074 |
$43,383 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,956 |
$64,952 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$46,392 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$16,399 |
$46,392 |
|
Short-Term Debt |
$3,050 |
$-103 |
|
Long-Term Debt |
$20,000 |
$20,000 |
|
Total Liabilities |
$23,050 |
$19,897 |
Financials as of: 08/09/2023
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