Navarrete Hospitality Group
Food Business
Overview
Raised: $15,150
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.45X
Rev. Share %
6.00%
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/01/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$44
# of Investors
9
Momentum
Not Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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: 01/21/2022
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