Heavenly Chicken & Waffles
A food company
Overview
Raised: $13,580
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/28/2020
Close Date
09/10/2020
Min. Goal
$10,000
Max. Goal
$35,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$316
# of Investors
16
Momentum
Funded
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Year Founded
2007
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Heavenly Chicken & Waffles, a food company in Detroit, MI, is raising funds on Honeycomb. The company handmakes delicious fried chicken and waffles and offers its services to customers in a friendly and professional manner. Heavenly Chicken & Waffles uses only organic ingredients for its offerings, sourced by Eastern Market. Heavenly Chicken & Waffles was founded by Aaron Sanders in 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $35,000, and the funds will be used to expand the business by purchasing a new food truck and equipment. The proceeds will also be used for marketing and inventory. Heavenly Chicken & Waffles has an excellent reputation for its food and service and plans to expand across the state of Michigan.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$49,775 |
$62,510 |
|
COGS |
$7,899 |
$15,750 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$4,379 |
$24,085 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,759 |
$6,250 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$44,237 |
$38,750 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/28/2020
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