Hubb Kitchens (previously J. Johnson & Company)
[Closed for Investment] HUBB Kitchens is raising funds on MainVest. The food business incubator provides ghost kitchens and food incubator spaces for food entrepreneurs. HUBB Kitchens supports the underserved in starting their business through affordable solutions in terms of space, time, and expense. The business’ first location was profitable within three months and grew 12% month-over-month from December 2020 to April 2021. The business is launching ghost kitchens in America’s busiest airport hubs, with the first kitchen open at Raleigh-Durham International and a vision for five more. Jason T Johnson founded HUBB Kitchens in March 2019. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $124,000. The campaign proceeds will be used for proprietary tech development and expansion of the airport ghost kitchens model.
Investment Overview
Raised: $0
Deal Terms
Total Commitments ($USD)
- Platform
- MainVest
- Start Date
- 10/13/2023
- Close Date
- 02/22/2024
$30,000
$124,000
$100
Revenue Share
Seed
RegCF
1.50X
3.60%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +22% YoY
- $439,199
- Monthly Burn
- Profitable
- Cash on Hand
- $41,660
- Gross Margin
- 82%
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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 |
|---|---|---|---|---|---|---|---|
| Hubb Kitchens (previously J. Johnson & Company) | 02/22/2024 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |
| HUBB Kitchens (previously J. Johnson & Company) | 10/12/2023 | Vicinity | $5,500,588 | $210,541 | Equity - Common | Funded | RegCF |
| J. Johnson & Company | 08/17/2022 | Localstake | - | $67,450 | Revenue Share | Funded | RegCF |