International Wings Factory
About this raise
International Wings Factory, with a valuation of $1.2 million, is raising funds on Honeycomb. It is a top-tier destination for chicken wings in New York City, New York. International Wings Factory is known for its inventive sauces and spices and offers a variety of flavors of chicken wings. The restaurant has been featured on many channels, including Fox News, CBS News, and NBC, and has been the subject of a short film named The Wings Guy. Deepak Ballaney founded International Wings Factory in October 2012. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $120,000. The campaign proceeds will be used to purchase coolers, fryers, and burners, and refinance debt.
Investment Overview
Not Funded: $13,750
Deal Terms
Company & Team
Company
- Year Founded
- 2012
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +52% YoY
- $441,857
- Monthly Burn
- Profitable
- Cash on Hand
- $15,186
- Gross Margin
- 62%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
09/06/2024 | Honeycomb | $1,200,000 | $13,750 | Equity - Common | Not Funded | RegCF |