The Pickled Chef
Prepared Foods
Overview
Raised: $41,042
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/19/2023
Close Date
06/02/2023
Min. Goal
$25,000
Max. Goal
$49,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$933
# of Investors
42
Momentum
Funded
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Year Founded
2010
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
The Pickled Chef is raising funds on Honeycomb. The company produces natural, preservative-free, hand-packed products that use locally-sourced and seasonal ingredients. The unique range of products of The Pickled Chef includes sour dill pickles, whiskey and beer pickles, hot pepper pickles, mustard pickles, and other pickled vegetables, along with classic bread and butter, jams, sauces, dressings, and other condiments. The business has a growing customer base, and it produced over 25,000 jars of pickles and served 15,000 grilled cheese sandwiches in 2022. Greg Andrews, Ashlee Andrews, and Debra Driggers founded The Pickled Chef in March 2010. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $49,000. The campaign proceeds will be used for equipment, staffing, a delivery van, and a greenhouse.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$400,227 |
$327,775 |
|
COGS |
$234,092 |
$144,876 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$38,975 |
$30,051 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$2,706 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$38,828 |
$41,622 |
|
Short-Term Debt |
$39,091 |
$17,362 |
|
Long-Term Debt |
$37,763 |
$0 |
|
Total Liabilities |
$76,854 |
$17,362 |
Financials as of: 04/19/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| The Pickled Chef | 06/02/2023 | Honeycomb | - | $41,042 | Debt | Funded | RegCF |
| The Pickled Chef | 03/15/2023 | Honeycomb | - | $75,000 | Debt | Funded | RegCF |
| The Pickled Chef | 06/19/2020 | Honeycomb | - | $49,172 | Debt | Funded | RegCF |
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