Heavenly Chicken & Waffles #2

Heavenly Chicken & Waffles #2

Food Truck

Food Truck

Overview

Raised this Round: Raised: $5,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/23/2024

Close Date

07/07/2024

Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

3.0 years

Year Founded

2006

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Southfield, Michigan

Business Type

Life Style

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$297,550

$215,000

COGS

$56,750

$45,254

Tax

$0

$0

 

 

Net Income

$19,100

$78,661

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,698

$1,525

Accounts Receivable

$0

$0

Total Assets

$80,272

$76,525

Short-Term Debt

$12,575

$0

Long-Term Debt

$0

$0

Total Liabilities

$12,575

$0

Financials as of: 05/23/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Heavenly Chicken & Waffles #2 07/06/2024 Honeycomb - $5,000 Debt Active RegCF
Heavenly Chicken & Waffles 09/09/2020 Honeycomb - $13,580 Debt Funded RegCF
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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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Heavenly Chicken & Waffles on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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