Pit Boss

Neutral
BETA

A pit style bbq restaurant

Analytics

Raised to Date: $4,250

Aggregate Commitments $
Platform

Honeycomb

Start Date

09/25/2020

Close Date

11/24/2020

Min. Goal

$25,000

Max. Goal

$300,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Weekly Commitments $
Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

17%

% of Max. Goal

1%

Likelihood of Max
Funded
Avg. Daily Raise

$71

# of Investors

10

Momentum
Funded
Location

Atlanta, GA

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Pit Boss, a pit-style bbq restaurant in Georgia, is raising crowdfunding on Honeycomb. The restaurant specializes in homestyle favorites and is committed to serving authentic superior-quality food. It is a total scratch kitchen that uses fresh meats and dry rubs. Wade McSwain and Tracy founded Pit Boss in 2008. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $300,000, and the funds will be used for the buildout of the new location of the restaurant. It will allow the restaurant to set more plates and serve more guests. Pit Boss also believes in strengthening the community by supporting heritage, education, and community development.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,094,036

$2,901,516

COGS

$1,423,256

$1,385,171

Tax

$0

$0

 

 

Net Income

$130,160

$106,005

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$149,582

$14,054

Accounts Receivable

$0

$182,118

Total Assets

$314,022

$278,758

Short-Term Debt

$0

$0

Long-Term Debt

$172,200

$0

Total Liabilities

$172,200

$86,801

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