HUBB Kitchens (previously J. Johnson & Company)

Early Stage

Democratizing food business incubation and growth.

Overview

Raised to Date: Raised: $153,100

Total Commitments ($USD)

Platform

Vicinity

Start Date

10/04/2022

Close Date

03/31/2023

Min. Goal

$50,000

Max. Goal

$467,550

Min. Investment

$1,000

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.00

Pre-Money Valuation

$5,500,588

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

56

% of Min. Goal

306%

% of Max. Goal

33%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,255

Momentum
warm.svg
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Location

Raleigh, North Carolina

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

HUBB Kitchens is raising funds on Vicinity. The food business incubator provides ghost kitchens and food incubator spaces for food entrepreneurs. The company supports the underserved in starting their business through affordable solutions in terms of space, time, and expense. HUBB Kitchens’ first location was profitable within three months and grew 12% month-over-month from December 2020 to April 2021. The business has collected 700 membership applications and projects five locations by the end of 2022. Jason T Johnson founded HUBB Kitchens in March 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $467,550. The campaign proceeds will be used for equipment purchases, Dulles airport design, airport advisory, and property acquisition.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$320,818

$7,888

COGS

$262

$0

Tax

$0

$0

 

 

Net Income

$-22,867

$-38,458

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$62,438

$4,853

Accounts Receivable

$0

$0

Total Assets

$96,243

$20,015

Short-Term Debt

$0

$0

Long-Term Debt

$105,197

$0

Total Liabilities

$105,197

$0

Financials as of: 10/04/2022
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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) 03/31/2023 Vicinity $5,500,588 $153,100 Equity - Common Active RegCF
J. Johnson & Company 08/17/2022 Localstake - $67,450 Revenue Share Funded RegCF
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HUBB Kitchens on Vicinity 2022
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Platform: Vicinity
Security Type: Equity - Common
Valuation: $5,500,588
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