Porky's Bar & Grill
About this raise
Porky’s Bar & Grill, the premier taphouse and bottle shop in Etna, is raising funds on Honeycomb Credit. The bar and grill serves local craft beers from across the country and delicious food. The chefs create a weekly menu and keep adding new brunch items, in addition to their specialty cocktails. Porky’s Bar & Grill was founded in 1895 and, after several events and changes in ownership, is currently owned by Chad Jockel and Nick Weiss. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000, and the funds will be used to consolidate debt, make external and internal improvements, and expand the business. Porky’s Bar & Grill has been serving the Etna community for 124 years, with loyal customers and experienced staff. The bar and grill offers 28 taps and many craft beers that are not available anywhere else in Pennsylvania.
Investment Overview
Invested : $11,250
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 01/22/2020
- Close Date
- 04/24/2020
$10,000
$107,000
$100
Debt
Seed
RegCF
10.50%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $345,352
- Monthly Burn
- $3,093
- Cash on Hand
- $11,557
- Gross Margin
- 41%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/24/2020 | Honeycomb | - | $11,250 | Debt | Funded | RegCF |
