Hangry Burger
Restaurant
Overview
Raised: $8,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/11/2023
Close Date
09/24/2023
Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
14.00%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/26/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$188
# of Investors
10
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
SPRINGFIELD, Virginia
Hangry Burger is raising funds on Honeycomb. It is a burger joint in Springfield, Virginia, that serves creative and delicious burgers, fries, and shakes. Hangry Burger’s food is made using fresh and high-quality ingredients, including fresh beef, chicken, lamb, and fish. The business also makes its sauces and burgers in-house and has a full bar with local beers, boozy shakes, signature cocktails, and wine. Julius Islam and Kochi Rashid founded Hangry Burger in October 2018. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for paying off square and credit card loans and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$494,690 |
$92,247 |
|
COGS |
$178,230 |
$96,753 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$47,370 |
$-265,921 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$34,573 |
$6,335 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$402,611 |
$420,613 |
|
Short-Term Debt |
$-3,646 |
$24,965 |
|
Long-Term Debt |
$47,259 |
$0 |
|
Total Liabilities |
$43,613 |
$24,965 |
Financials as of: 08/11/2023
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