J. Johnson & Company
Democratizing food business incubation and growth.
Overview
Raised: $67,450
Total Commitments ($USD)
Platform
Localstake
Start Date
06/23/2021
Close Date
08/17/2022
Min. Goal
$67,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2022
Days Remaining
Funded
% of Min. Goal
101%
% of Max. Goal
34%
Likelihood of Max
Funded
Avg. Daily Raise
$161
# of Investors
22
Momentum
Funded
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Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
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: 06/23/2021
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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) | 04/29/2023 | Vicinity | $5,500,588 | $161,000 | Equity - Common | Active | RegCF |
| J. Johnson & Company | 08/17/2022 | Localstake | - | $67,450 | Revenue Share | Funded | RegCF |
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