GoBQ Grills, Inc.
Early Stage
GoBQ Ultra Portable Grills & Accessories
Overview
Raised: $270,530
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/12/2020
Close Date
04/09/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.60
Pre-Money Valuation
$6,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$643
# of Investors
451
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
GoBQ Grills, with a pre-money valuation of $6 million, is raising funds on StartEngine. The company manufactures and sells portable grills and accessories made of fireproof fabric. The GoBQ grills are compact, foldable, lightweight, and easy to use and carry. The product of GoBQ Grills is targeted towards campers, hikers, and other outdoor individuals. The company was founded by Todd Zaroban and Eric Goeken in 2012 and has raised more than $120,000 in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used towards marketing, expanding to new customers, and growing the product line. GoBQ Grills has sold over 650 grills and has started direct online sales.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$45,755 |
$50,574 |
|
COGS |
$55,729 |
$12,089 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-185,271 |
$3,962 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$12,866 |
$4,310 |
|
Accounts Receivable |
$550 |
$0 |
|
Total Assets |
$77,581 |
$54,670 |
|
Short-Term Debt |
$56,763 |
$31,431 |
|
Long-Term Debt |
$57,850 |
$50,000 |
|
Total Liabilities |
$114,613 |
$81,431 |
Financials as of: 02/12/2020
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