Navarrete Hospitality Group

Navarrete Hospitality Group

Closed: Dec. 2022

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.

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Investment Overview

Not Funded: $15,150

Deal Terms

Total Commitments

Platform
Silicon Prairie Online
Start Date
01/21/2022
Close Date
12/31/2022
Min. Goal
$450,000
Max Goal
$1,000,000
Min. Investment

$250

Security Type

Revenue Share

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.45X

Rev. Share %

6.00%

Price Per Share

$1.00

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Jonathan Navarrete
Title
General Manager
Founder Name
Lia Navarrete
Title
director of Marketing and Public Relations

Financials

 Revenue
$0
 Cash on Hand
$0

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

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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
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Add to portfolio
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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Warning: according to the close date for this deal, Navarrete Hospitality Group may no longer be accepting investments.

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