Hangry Joe’s Hot Chicken

Hangry Joe’s Hot Chicken

Closed: Sep. 2024

About this raise

Hangry Joe’s Hot Chicken is raising funds on Honeycomb. It is a franchised restaurant in Waldorf, Maryland that sells Nashville Hot Chicken, wings, shakes, bubble tea, and smoothies. Hangry Joe’s Hot Chicken has taken the classic Nashville hot chicken and turned it up to create the ultimate chicken sandwich. The business is locally owned and operated and aims to set the highest standards of food quality and customer service. Numaan Shah founded Hangry Joe’s Hot Chicken in March 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for marketing, hiring, and working capital.

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Investment Overview

Deal Terms

Platform
Honeycomb
Start Date
08/16/2024
Close Date
09/23/2024
Min. Goal
$30,000
Max Goal
$60,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Waldorf, Maryland
Company Website
Visit Website

Team

Employees
14

Funding data not publicly available

Financials

 Revenue
$666,802
as of FY2023
 Monthly Burn
$11,548
as of FY2023
 Runway
3.6 months
as of FY2023
 Gross Margin
65%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$666,802

$0

COGS

$232,426

$0

Tax

$0

$0

 

 

Net Income

$-138,573

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$41,830

$0

Accounts Receivable

$0

$0

Total Assets

$448,796

$0

Short-Term Debt

$17,454

$0

Long-Term Debt

$364,876

$0

Total Liabilities

$382,330

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/23/2024 Honeycomb - $0 Debt Not Funded RegCF
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Hangry Joe’s Hot Chicken on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Hangry Joe’s Hot Chicken may no longer be accepting investments.

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