Hubb Kitchens (previously J. Johnson & Company)
HUBB Kitchens
Overview
Raised: $2,200
Total Commitments ($USD)
Platform
MainVest
Start Date
10/13/2023
Close Date
01/12/2024
Min. Goal
$30,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.60%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
41
% of Min. Goal
7%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$44
# of Investors
5
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
High
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$439,199 |
$360,475 |
|
COGS |
$79,398 |
$16,707 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$76,923 |
$-41,250 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$41,660 |
$40,596 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$125,630 |
$75,839 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$95,157 |
$100,776 |
|
Total Liabilities |
$95,157 |
$100,776 |
Financials as of: 10/13/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Hubb Kitchens (previously J. Johnson & Company) | 01/12/2024 | MainVest | - | $2,200 | Revenue Share | Active | 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 |
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