Heavenly Chicken & Waffles

Heavenly Chicken & Waffles


About this raise: Heavenly Chicken & Waffles, a food company in Detroit, MI, is raising funds on Honeycomb. The company 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, sourced by Eastern Market. Heavenly Chicken & Waffles was founded by Aaron Sanders in 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $35,000, and the funds will be used to expand the business by purchasing a new food truck and equipment. The proceeds will also be used for marketing and inventory. Heavenly Chicken & Waffles has an excellent reputation for its food and service and plans to expand across the state of Michigan.

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Investment Overview

Invested this round: $13,580

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
07/29/2020
Close Date
09/10/2020
Min. Goal
$10,000
Max. Goal
$35,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2006
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Southfield, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Aaron Leon Sanders Jr.
Title
CEO

Financials

 Revenue
$49,775
 Monthly Burn
Profitable
 Cash on Hand
$7,759
Gross Margin
84%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,775

$62,510

COGS

$7,899

$15,750

Tax

$0

$0

 

 

Net Income

$4,379

$24,085

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,759

$6,250

Accounts Receivable

$0

$0

Total Assets

$44,237

$38,750

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

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
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Growth Charts

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
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Heavenly Chicken & Waffles may no longer be accepting investments.

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