Heffer BBQ
Craft barbecue restaurant
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/14/2023
Close Date
12/13/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
11
% of Min. Goal
200%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$2,778
# of Investors
28
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 11/14/2023
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