J. Johnson & Company

J. Johnson & Company


About this raise: 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.

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Investment Overview

Invested this round: $67,450

Deal Terms

Total Commitments ($USD)

Platform
Localstake
Start Date
06/23/2021
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Jason Johnson
Title
President and CEO

Financials

 Revenue
$2,853
 Monthly Burn
$2,942
 Runway
1.1 months

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

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Company Funding & Growth

Funding history

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 Not Funded 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
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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.

Employee History

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

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Follow J. Johnson & Company on Localstake 2021

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Warning: according to the close date for this deal, J. Johnson & Company may no longer be accepting investments.

J. Johnson & Company Deal Report

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