GoBQ Grills, Inc.

GoBQ Ultra Portable Grills & Accessories

Analytics

Raised to Date: $270,530

Aggregate Commitments $
Platform

StartEngine

Start Date

02/13/2020

Close Date

04/09/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$6,000,000

Rolling Commitments $
Status
Funded
Reporting Date

04/21/2021

Days Remaining
Funded
% of Min. Goal

2,705%

% of Max. Goal

25%

Likelihood of Max
Funded
Avg. Daily Raise

$643

# of Investors

451

Momentum
Funded
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Location

Chicago, Illinois

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

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

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