Parts & Labor

Parts & Labor

Restaurant

Restaurant

Overview

Raised to Date: Raised: $26,950

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/05/2024

Close Date

03/05/2024

Min. Goal
$25,000
Max. Goal
$27,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/26/2024

Days Remaining

8

% of Min. Goal

108%

% of Max. Goal

100%

Likelihood of Max
extremely
Avg. Daily Raise

$1,283

# of Investors

32

Momentum
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Cincinnati, Ohio

Business Type

Life Style

Parts & Labor is raising funds on Honeycomb. It is a barbecue business in Cincinnati, Ohio, that offers wholesale and catering services. Parts & Labor uses a range of fresh ingredients and bold seasonings, and heat and smoke from hardwood fire to make flavorful barbecued dishes. The business has now partnered with an award-winning brewery, Urban Artifact, to bring its renegade barbecue to the brewery. Jeffrey Miller founded Parts & Labor in September 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $27,000. The campaign proceeds will be used for exterior and interior branding at the brewery.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$217,824

$183,726

COGS

$60,748

$80,688

Tax

$0

$0

 

 

Net Income

$24,933

$-11,306

Summary Balance Sheet

FY 2022 FY 2021

Cash

$14,321

$21,797

Accounts Receivable

$23,838

$0

Total Assets

$73,652

$21,594

Short-Term Debt

$8,954

$11,206

Long-Term Debt

$118,149

$54,203

Total Liabilities

$127,103

$65,409

Financials as of: 02/05/2024
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Parts & Labor on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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