JD’s House of Bacon

JD’s House of Bacon

Closed: Oct. 2024

About this raise

JD’s House of Bacon is raising funds on Honeycomb. The food business specializes in European Slab Bacon and skewers them into appetizer sizes. JD’s House of Bacon supplies its bacon to food trucks and festivals and is the only USDA-skewered bacon manufacturer in the US. The business also has a hot sauce line and will be introducing a new bacon jerky line by the end of 2024. David Distenfeld and Joshua Distenfeld founded JD’s House of Bacon in April 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, labor, new products roll out, and job supplies.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/05/2024
Close Date
10/21/2024
Min. Goal
$50,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

15.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Baltimore, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
David Distenfeld
Title
Vice President
Founder Name
Joshua Distenfeld
Title
Private Chef

Funding data not publicly available

Financials

as of Fiscal Year 2023
 Revenue +25% YoY
$494,453
 Monthly Burn
$7,306
 Runway
3.3 months
Gross Margin
52%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$494,453

$396,695

COGS

$235,275

$198,104

Tax

$0

$0

 

 

Net Income

$-87,677

$-144,051

Summary Balance Sheet

FY 2023 FY 2022

Cash

$24,279

$9,559

Accounts Receivable

$0

$0

Total Assets

$185,740

$287,690

Short-Term Debt

$145,555

$121,224

Long-Term Debt

$158,456

$198,006

Total Liabilities

$304,011

$319,230

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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
10/21/2024 Honeycomb - $0 Debt Not Funded RegCF
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JD’s House of Bacon on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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