Pit Boss
A pit style bbq restaurant
Overview
Raised: $4,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/24/2020
Close Date
11/24/2020
Min. Goal
$25,000
Max. Goal
$300,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$71
# of Investors
10
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2008
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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 |
$86,801 |
|
Total Liabilities |
$172,200 |
$86,801 |
Financials as of: 09/24/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.