Data / Crowdfunding / California / Baby Blues Bar-B-Q, LTD
Baby Blues Bar-B-Q, LTD: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $124,000 (2024)
Baby Blues Bar-B-Q, LTD, a limited liability company in Venice, CA, filed a Form C with the SEC on October 15, 2024 to raise $60,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on December 4, 2024. In its most recent fiscal year it reported $646,277 in revenue and a net loss of $398,742, with 25 employees.
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- Website
- babybluesbbq.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 444 LINCOLN BLVD, Venice, CA 90291
- Legal form
- Limited Liability Company
- Jurisdiction
- CA
- Incorporated
- October 24, 2004
- SEC CIK
- 0002040133
Offering terms
From the amendment filed October 15, 2024.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $124,000
- Deadline
- December 4, 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-U filed December 26, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $646,277 | $1,603,372 | sec.gov |
| Cost of goods sold | $538 | $673,836 | sec.gov |
| Net income | $-398,742 | $-181,528 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $557,030 | $511,546 | sec.gov |
| Cash | $55,230 | $47,113 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $122,045 | $16,854 | sec.gov |
| Long-term debt | $78,024 | $78,024 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| December 26, 2024 | Progress update | $60,000 | $124,000 | December 4, 2024 | Total Amount Raised $111,759.27 | sec.gov |
| October 15, 2024 | Amendment | $60,000 | $124,000 | December 4, 2024 | Amend Offering Statement | sec.gov |
| October 11, 2024 | Offering | $60,000 | $124,000 | December 4, 2024 | sec.gov |
Updated December 26, 2024. 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.