Groovy Chicken and Waffles
About this raise
Groovy Chicken and Waffles is raising funds on Honeycomb. The mobile food business is based in Denton, Texas, and specializes in serving fried chicken paired with waffles. Groovy Chicken and Waffles offers a modern twist on the classic Southern dish and blends sweet and savory flavors to create an irresistible meal. The business was featured on Discover Denton as a top local spot and was showcased on The Blox, Season 10. Latoya Lawrence founded Groovy Chicken and Waffles in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $45,000. The campaign proceeds will be used to purchase a food trailer, outer wraps, and hire more staff.
Investment Overview
Not Funded: $1,650
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 10/29/2024
- Close Date
- 12/13/2024
$25,000
$45,000
$100
Debt
Quarterly
RegCF
12.50%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +74% YoY
-
$100,973
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$882
as of FY2023
- Gross Margin
-
38%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 12/13/2024 | Honeycomb | - | $1,650 | Debt | Not Funded | RegCF |