Heffer BBQ

Heffer BBQ

Closed: Dec. 2023

About this raise

Heffer BBQ is raising funds on Honeycomb. It is a craft barbecue restaurant in Chicago, Illinois specializing in central Texas and Mexican-inspired cuisine. Heffer BBQ’s menu includes ribs, wings, pulled pork, brisket, and mouth-watering sides. The business has been featured in the Chicago Reader, Chicago Sun Times, and Bon Vivant Culinary Journal and has been recognized by the Chicago Tribune and Infatuation Chicago for its pulled pork and barbecue. Shawn Smith and Leonor Quezada founded Heffer BBQ in April 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for a new HVAC for the kitchen.

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Investment Overview

Invested this round: $50,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
11/14/2023
Close Date
12/13/2023
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Shawn Smith
Title
Co-Owner
Founder Name
Leonor Quezada
Title
Co-Owner

Financials

 Revenue
$180,592
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$5,648
as of FY2022
 Gross Margin
70%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$180,592

$0

COGS

$53,816

$0

Tax

$0

$0

 

 

Net Income

$39,403

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5,648

$0

Accounts Receivable

$0

$0

Total Assets

$32,956

$0

Short-Term Debt

$1,597

$0

Long-Term Debt

$14,838

$0

Total Liabilities

$16,435

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/13/2023 Honeycomb - $50,000 Debt Funded RegCF
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Heffer BBQ on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Heffer BBQ may no longer be accepting investments.

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