Hawaiian Bros

Hawaiian Bros

Growth Stage

Bringing island-inspired cuisine to the mainland

Bringing island-inspired cuisine to the mainland

Overview

Raised to Date: Raised: $1,490,094

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/31/2023

Close Date

08/17/2023

Min. Goal
$25,004
Max. Goal
$4,999,998
Min. Investment

$356

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.91

Pre-Money Valuation

$306,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$19,352

# of Investors

863

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Kansas City, Missouri

Business Type

Growth

Company Website

Hawaiian Bros, with a valuation of $306 million, is raising funds on StartEngine. It is a restaurant brand that brings the plate lunch concept from Hawaii with its authenticity and coastal appeal. The business always uses fresh food and has a unique and modern appeal. Hawaiian Bros ended 2022 with 37 locations in six states and revenues of $99.6 million in the year, up from $55 million in 2021. Cameron McNie and Tyler McNie founded Hawaiian Bros in July 2021. The current crowdfunding campaign has a minimum target of $25,003.51 and a maximum target of $5 million. The campaign proceeds will be used for restaurant development costs, extinguishment of indebtedness, and other general corporate purposes.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$99,562,204

$55,342,152

COGS

$32,743,731

$20,695,570

Tax

$40,000

$20,000

 

 

Net Income

$-32,669,781

$-18,772,265

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,710,831

$5,631,687

Accounts Receivable

$1,266,009

$2,788,712

Total Assets

$119,804,800

$45,463,083

Short-Term Debt

$5,718,443

$4,856,000

Long-Term Debt

$46,363,354

$29,241,818

Total Liabilities

$52,081,797

$34,097,818
Financials as of: 05/31/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hawaiian Bros 08/16/2023 StartEngine $306,000,000 $1,490,094 Equity - Common Funded RegCF
Hawaiian Bros 04/24/2022 Republic $450,000,000 $1,677,894 Equity - Common Funded RegCF
Hawaiian Bros 12/06/2021 Republic $221,285,508 $2,499,994 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Hawaiian Bros on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $306,000,000
Price per Share: $7.91

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