Data / Crowdfunding / New York / 49 Illinois Restaurant LLC
49 Illinois Restaurant LLC: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $124,000 (2024)
49 Illinois Restaurant LLC, a limited liability company in Buffalo, NY, filed a Form C with the SEC on November 12, 2024 to raise $60,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on December 16, 2024. In its most recent fiscal year it reported $1,404,965 in revenue and $21,837 in net income, with 28 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.buffaloironworks.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 49 ILLINOIS STREET, Buffalo, NY 14203
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- September 27, 2013
- SEC CIK
- 0002043333
Offering terms
From the offering filed November 12, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $124,000
- Deadline
- December 16, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to $50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-AR filed May 20, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,404,965 | $1,146,580 | sec.gov |
| Cost of goods sold | $814,150 | $626,002 | sec.gov |
| Net income | $21,837 | $-98,101 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $187,244 | $100,264 | sec.gov |
| Cash | $90,656 | $8,575 | sec.gov |
| Accounts receivable | $3,763 | $1,100 | sec.gov |
| Short-term debt | $226,366 | $102,686 | sec.gov |
| Long-term debt | $106,428 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 27, 2026 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 20, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| December 30, 2024 | Progress update | $60,000 | $124,000 | December 16, 2024 | Total Amount Raised $106,428.21 | sec.gov |
| November 12, 2024 | Offering | $60,000 | $124,000 | December 16, 2024 | sec.gov |
Updated April 27, 2026. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.