Pipe N' Hot Grill

Angela and Stesia are expanding their line of Bamba Teas!

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Security Type
Debt/Note
Categories
Restaurants
Location
CLEVELAND, OH
Expected Close Date
March 13, 2023
Target Raise
$25.00K-$30.00K
Security Price
$1
Number of Employees
2
Cash
$1,122
Revenue
$45,058
Short Term Debt
$69,251
Cost of Goods
$20,473
Long Term Debt
$45,000
Net Income
$4,773

Company Description

Pipe N’ Hot Grill is an award-winning seafood restaurant in Cleveland, OH. Founded and owned by a mother-daughter duo, Angela & Stesia, Pipe N’ Hot Grill’s menu features freshly prepared, sizzling seafood plates and Po’ Boys. Angela and Stesia have owned and operated Pipe N’ Hot Grill since 2010 and in the 10+ years since, their restaurant has become a household name on Cleveland’s East Side. The business also sells its signature Bamba Tea mixer: a refreshing, thirst quenching, sweet pineapple flavor tea with a hint of mint. Pipe N’ Hot Grill sells Bamba Tea by the bottle and through e-commerce platforms such as Amazon, Shopify, and Flourysh. In addition to their signature Bamba Tea, Angela & Stesia created a cocktail mixer version of the product that pairs well with rum, vodka, and bourbon. The product was created with ingredients that are known for fighting the effects of alcohol naturally.

Key Deal Facts

Pipe N’ Hot Grill has been an emerging seafood restaurant in Cleveland for over ten years!, In 2020, Pipe N’ Hot Grill won the Neighborhood Transformation Incentive from Cleveland Mayor Frank Jackson., In 2021, the business was selected as members of the Navigator Lighthouse Foundation to receive training and brokerage assistance to partner with national buyers and major retail stores., In 2023, Pipe N’ Hot Grill won a vendor pitch competition with major food grocer, Meijer.

Amount Raised : $1,000
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Security Description

A note is a financial security that generally has a longer term than a bill but a shorter term than a bond.

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