Navarrete Hospitality Group

Navarrete Hospitality Group

Food Business

Food Business

Overview

Raised this Round: Raised: $15,150

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

01/20/2022

Close Date

12/31/2022

Min. Goal
$450,000
Max. Goal
$1,000,000
Min. Investment

$250

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.45X

Rev. Share %

6.00%

Price Per Share

$1.00

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Houston, Texas

Business Type

Life Style

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/20/2022
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Navarrete Hospitality Group on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: Revenue Share
Price per Share: $1.00

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