J. Johnson & Company

J. Johnson & Company

Democratizing food business incubation and growth.

Democratizing food business incubation and growth.

Overview

Raised this Round: Raised: $67,450

Total Commitments ($USD)

Platform

Localstake

Start Date

06/22/2021

Close Date

08/17/2022

Min. Goal
$67,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Location

Raleigh, North Carolina

Business Type

Life Style

J. Johnson & Company, a food business incubator, is raising funds on Localstake. The business 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. Jason T Johnson founded J. Johnson & Company in March 2019. The proceeds of the current crowdfunding round, with a minimum target of $67,000 and a maximum target of $200,000, will be used towards hiring, equipment purchase, and buildout. J. Johnson & Company’s first location was profitable within three months and grew 12% month-over-month from December 2020 to April 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,853

$600

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-35,308

$-31,931

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,123

$-129

Accounts Receivable

$0

$0

Total Assets

$8,573

$-129

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/22/2021
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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) 02/21/2024 MainVest - $0 Revenue Share Not Funded RegCF
HUBB Kitchens (previously J. Johnson & Company) 10/11/2023 Vicinity $5,500,588 $210,541 Equity - Common Funded RegCF
J. Johnson & Company 08/16/2022 Localstake - $67,450 Revenue Share Funded RegCF
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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.

Employee History

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J. Johnson & Company on Localstake 2021
Platform: Localstake
Security Type: Revenue Share

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