Pit Boss

Pit Boss

A pit style bbq restaurant

A pit style bbq restaurant

Overview

Raised this Round: Raised: $4,250

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/24/2020

Close Date

11/24/2020

Min. Goal
$25,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2008

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Atlanta, Georgia

Business Type

Life Style

Pit Boss, a pit-style bbq restaurant in Georgia, is raising crowdfunding on Honeycomb. The restaurant specializes in homestyle favorites and is committed to serving authentic superior-quality food. It is a total scratch kitchen that uses fresh meats and dry rubs. Wade McSwain and Tracy founded Pit Boss in 2008. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $300,000, and the funds will be used for the buildout of the new location of the restaurant. It will allow the restaurant to set more plates and serve more guests. Pit Boss also believes in strengthening the community by supporting heritage, education, and community development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,094,036

$2,901,516

COGS

$1,423,256

$1,385,171

Tax

$0

$0

 

 

Net Income

$130,160

$106,005

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$149,582

$14,054

Accounts Receivable

$0

$182,118

Total Assets

$314,022

$278,758

Short-Term Debt

$0

$0

Long-Term Debt

$172,200

$86,801

Total Liabilities

$172,200

$86,801

Financials as of: 09/24/2020
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Pit Boss on Honeycomb
Platform: Honeycomb
Security Type: Debt

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