FH Jerk

FH Jerk

Caribbean jerk products

Caribbean jerk products

Overview

Raised this Round: Raised: $5,150

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/08/2023

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    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

CHICAGO, Illinois

Business Type

Growth

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: 08/08/2023
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FH Jerk on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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