Frisco’s Chicken

Frisco’s Chicken


About this raise: Frisco’s Chicken is raising funds on Honeycomb. It is a first-of-its-kind Peruvian-style chicken quick-service restaurant in Lancaster, PA. The offerings of the restaurant include its signature Peruvian Charcoal Chicken cooked on charcoal-fired rotisseries and other homemade sides, empanadas, bowls, and desserts. Frisco’s Chicken has a loyal customer base and has won several awards. Francisco Gomez De La Torre and Josh Rinier founded Frisco’s Chicken in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $200,000. The campaign proceeds will be used for purchasing equipment, training and set up of logistical systems, and covering build-out costs of a commissary.

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Investment Overview

Invested this round: $67,104

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
04/05/2022
Close Date
05/23/2022
Min. Goal
$25,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Lancaster, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Francisco Gomez De La Torre
Title
Managing Partner
Founder Name
Josh Rinier
Title
Chief Marketing Guru

Financials

 Revenue +885% YoY
$977,022
 Monthly Burn
Profitable
 Cash on Hand
$190,716
Gross Margin
62%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$977,022

$99,211

COGS

$370,904

$50,327

Tax

$0

$0

 

 

Net Income

$43,187

$-66,389

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$190,716

$12,960

Accounts Receivable

$0

$0

Total Assets

$276,715

$48,841

Short-Term Debt

$24,418

$5,534

Long-Term Debt

$115,441

$81,098

Total Liabilities

$139,859

$86,632

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/23/2022 Honeycomb - $67,104 Debt Funded RegCF
12/18/2020 MainVest - $9,400 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Frisco’s Chicken on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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