Navarrete Hospitality Group
About this raise
Navarrete Hospitality Group is raising funds on Silicon Prairie Online. The company will enter into a franchise agreement to create and operate a franchise of Handam BBQ. The business will offer Korean BBQ to the customers with premium meat dishes created using charcoal grill cooking. Navarrete Hospitality Group will operate out of rented facilities in Katy, Texas, with estimated sales of $2.4 million in the first year of operations. Jonathan Navarrete founded Navarrete Hospitality Group in May 2021. The current crowdfunding campaign has a minimum target of $450,000 and a maximum target of $1,000,000. The campaign proceeds will be used to set up the new franchise at Katy, TX.
Investment Overview
Not Funded: $15,150
Deal Terms
Total Commitments
- Platform
- Silicon Prairie Online
- Start Date
- 01/21/2022
- Close Date
- 12/31/2022
$450,000
$1,000,000
$250
Revenue Share
Monthly
RegCF
1.45X
6.00%
$1.00
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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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 |
|---|---|---|---|---|---|---|
| 12/31/2022 | Silicon Prairie Online | - | $15,150 | Revenue Share | Not Funded | RegCF |