International Wings Factory

International Wings Factory

Closed: Sep. 2024

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.

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Investment Overview

Not Funded: $13,750

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
07/23/2024
Close Date
09/06/2024
Min. Goal
$60,000
Max Goal
$120,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$1,200,000

Company & Team

Company

Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Deepak Ballaney
Title
CEO

Financials

as of May 31, 2024
 Revenue +52% YoY
$441,857
 Monthly Burn
Profitable
 Cash on Hand
$15,186
Gross Margin
62%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$441,857

$290,481

COGS

$167,098

$107,870

Tax

$0

$0

 

 

Net Income

$3,538

$-17,744

Summary Balance Sheet

FY 2023 FY 2022

Cash

$11,000

$17,683

Accounts Receivable

$0

$0

Total Assets

$96,625

$110,988

Short-Term Debt

$4,728

$20,074

Long-Term Debt

$0

$0

Total Liabilities

$4,728

$20,074

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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
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Add to portfolio
International Wings Factory on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $1,200,000
Price per Share: $1.00

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Follow International Wings Factory on Honeycomb 2024

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Warning: according to the close date for this deal, International Wings Factory may no longer be accepting investments.

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