Texas Inn
About this raise
Texas Inn is raising funds on Honeycomb. It is an old-school diner with three locations across Virginia. Texas Inn serves hot dogs, burgers, and all-day breakfast and is famous for its original recipe chili and Cheesy Western sandwich. The business served almost 300,000 customers in 2022 and ships its cheesy western kits, bulk relish, bulk chili, and chili dog kits to 48 states. David Saunders founded Texas Inn in September 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $120,000. The campaign proceeds will be used for equipment costs, inventory and dry goods, systems, cookware, training, licenses and fees, and rent and utilities.
Investment Overview
Invested : $120,000
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 01/22/2024
- Close Date
- 03/07/2024
$60,000
$120,000
$100
Debt
Quarterly
RegCF
11.50%
3.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +38% YoY
-
$2,213,151
as of FY2022
- Monthly Burn
-
$15,178
as of FY2022
-
Runway
-
8 months
as of FY2022
- Gross Margin
-
58%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 03/07/2024 | Honeycomb | - | $120,000 | Debt | Funded | RegCF |