Heavenly Chicken & Waffles #2 (2024)
About this raise
Heavenly Chicken & Waffles is raising funds on Honeycomb. The food company in Detroit, MI, handmakes delicious fried chicken and waffles and offers its services to customers in a friendly and professional manner. Heavenly Chicken & Waffles uses only organic ingredients for its offerings, which are sourced from Eastern Market. The business has a loyal customer base and has been featured on websites like Roaming Hunger, Truckster, and Your Neighborhood Bites. Aaron Sanders founded Heavenly Chicken & Waffles in June 2006. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used to purchase a second food truck, get new supplies and tools for the Ohio location, and purchase a new commercial griddle, two new commercial fryers, a new commercial refrigerator, and a new commercial freezer.
Investment Overview
Not Funded: $6,900
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 05/24/2024
- Close Date
- 07/07/2024
$40,000
$80,000
$100
Debt
Quarterly
RegCF
13.50%
3.0 years
Company & Team
Company
- Year Founded
- 2006
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +38% YoY
-
$297,550
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$6,698
as of FY2023
- Gross Margin
-
81%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Heavenly Chicken & Waffles #2 | 07/07/2024 | Honeycomb | - | $6,900 | Debt | Not Funded | RegCF |
| Heavenly Chicken & Waffles | 09/10/2020 | Honeycomb | - | $13,580 | Debt | Funded | RegCF |