HUBB Kitchens (previously J. Johnson & Company) (2023)
About this raise
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.
Investment Overview
Invested : $210,541
Deal Terms
Total Commitments
- Platform
- Vicinity
- Start Date
- 10/04/2022
- Close Date
- 10/12/2023
$50,000
$618,000
$1,000
Equity - Common
Early Stage
RegCF
$1.00
$5,500,588
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
-
Revenue
-
$320,818
as of FY2022
-
Cash on Hand
-
$41,660
as of FY2022
- Gross Margin
-
82%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $70,450
- 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| Hubb Kitchens (previously J. Johnson & Company) | 02/22/2024 | MainVest | - | $0 | Revenue Share | Withdrawn | RegCF |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 |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.