Introduction

You shouldn’t need a PhD in chemistry to understand what you are eating. That is why we created Backattack Snacks: to provide consumers with a healthy alternative to typical snacks found in supermarkets.

Our promise is that Backattack Snacks stands with you in your clean living efforts by ensuring all of our chef-inspired products are minimally processed and free of added sugars, preservatives, and chemicals. We didn’t use useless ingredients when we worked in restaurants, and we won’t start now.  Simply put, our snacks are created by chefs, not scientists.

We are raising funds through Honeycomb because we need new packaging that reflects our updated branding. As we grow as a company, we also need packaging that we don’t have to apply by hand, requiring much time and labor that should be used to expand our business.

We are looking to borrow between $10,000 and $27,100 at 12.50% over 42 months. Anyone who is 18 or older can invest.



About Backattack Snacks

Since we formally incorporated as Backattack Snacks in 2015, we’ve been selling beef jerky and other snacks to consumers via events and e-commerce. As demand for our products grew, we moved into our own facility, allowing us to sell at retail establishments such as groceries, convenience stores, and other venues like stadiums and arenas.

We came to realize, however, that our branding needed to come up to speed with the rest of our business. Our logo felt didn’t communicate our products’ uniqueness the way we wanted it to, and we had to apply each logo to each bag by hand––taking up a lot of time and labor. Now that we’ve updated our logo, we need to get a packaging machine that will streamline the process much faster.

Owner Brian Back brings over 15 years of professional culinary experience including Chef de Tournant, Saucier Chef, Marketing Chef, and Culinary Instructor throughout the Ohio region. Co-owner Lauren Back brings 10 years of educational leadership and training experience to Backattack Snacks.

We are committed to healthy snacks and committed to help fund the research of ARVD/c (a rare heart disease that affects the Back family). Since March 1st, 2019, we have been donating $1 to the Johns Hopkins Heart & Vascular Institute for the ARVD/c research program for every Backattack Snack sold.

We are hoping that with these funds, we will be able to move forward with our expansion much more quickly, and get healthy, energizing snacks out to even more people.



Fast Facts

  • With Brian's 17+ years in the culinary and manufacturing industries, and Lauren's background in education and training in the Goldman Sachs 10,000 Small Businesses Program, the husband and wife duo complement each other well.
  • Market research shows a growing trend within the snack industry of snacks that are less processed with lower sodium and more natural ingredients, but with the taste and trendy flavors people crave 
  • 2016 Heinen’s Shark Bank Winners; 2017 nominated Best Local Snack and Best Local Start-up in Cleveland Scene; 2018 Best Beef Jerky in Cleveland Magazine
  • Portions of online sales benefit the research for the rare heart disease that Lauren has along with her brothers, and now several extended family members as well.  Brian and Lauren’s two daughters have been identified with a genetic mutation linked to developing ARVC, so research efforts are vital to ensure their daughters never have to experience the cardiac arrest and aftermath that Lauren endured in 2014.
  • Now that Backattack Snacks’ beef jerky is available for wholesale, it has opened a lot of doors for sales not just at grocery stores, but also country clubs, outdoors/camping stores, convenient stores, gas stations/travel centers, airports, breweries/bars, etc.
  • Backattack Snacks has a unique and proprietary process of making beef jerky pretty much unheard of in the industry.

The Project

Funds raised in this offering will go towards our packaging. We currently use labels that we must apply by hand with an outdated logo. We have updated to a new premium logo and the new packaging will reflect the quality of our product.

We will preprint pouches with a touches of velvet and metallic. Since we use restaurant quality USDA Angus Choice beef, we believe that this will separate our brand from the competitor jerky brands. We intend to get away from our current "cartoony" package and into more elegant, premium appearance.

Our beef jerky is more like a 9oz steak that we sliced and dried so you can put it in your pocket or purse and not feel weird about it. We want our packing to reflect that.



About the Owners

Lauren Back is a wizard in organization, accounting and analytics. Prior to joining Backattack, Lauren was a literacy specialist for Dayton Public Schools 2006-2014.

Brian Back manages the culinary operations of Backattack Snacks. Prior to Backattack, Brian was a quality assurance/ efficiencies for High Tech Elastomers 2006-2014. Brian’s experience before High Tech and after was in the culinary industry. During his experience with High Tech Elastomers he specialized in lean manufacturing, 5s, and efficiencies. The only difference from what he did with the rubber molded parts to what he does with Backattack, is now you can eat the products he creates!


Owners Brian and Lauren Back.


Deal Summary

Issuer

  Back Development, LLC

Security Type

  Secured Loan

Loan Purpose

  Purchase of equipment and other startup costs

Offering Amount

  $10,000 - $27,100

Interest Rate

  12.50%

Payments

  Monthly, Disbursed to Investors Quarterly

Maturity

  42 months   

Personal Guaranty  

  Brian Back and Lauren Back

Security Interest

  None

 


Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to Back Development, LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

Investment Amount One-Time Fee Potential Quarterly Returns* Potential Total Repayment*
$100 $2.85 $8.85 $123.97
$500 $14.25 $44.27 $619.88
$1,000 $28.50 $88.50 $1,239.76
$5,000 $37.25 $442.77 $6,198.83

*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest, they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a fully amortizing loan: principal and interest are paid down starting with the first payment. There are no prepayment penalties and Back Development, LLC. may pay down their loan early which may impact your earnings potential. Please note, returns are not guaranteed and investors could lose some or all of their investment.

Your ongoing responsibilities from investing are very limited. Each year over the life of the loan you will receive a 1099-INT, this is a simple tax document similar to what you receive for most savings accounts.

Back Development, LLC pays as agreed, you will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the Administrative Agent to manage the collections process on investors' behalf.

 


How Honeycomb is Compensated

Honeycomb charges Back Development, LLC a $250 posting fee and a 7.0% - 8.0% loan origination fee on the total amount funded.

Total Amount Raised Origination Fee
$10K - $19,999 8.0%
$20,000 - $27,100 7.0%

 

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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