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Overview
GO Buddha is a new philosophy on eating. It's about food that loves you back, specifically crafted with ingredients that increase the bio-availability of their nutrient uptake. That means you get more of the good stuff. Using the Buddha Bowl template of grains, greens, and beans, GO Buddha has created a core menu of hearty bowls and salads to help elevate your weekly nutrition. Conveniently delivered in a plastic-free compostable package with zero carbon footprint, GO Buddha is Cleveland’s way to eat happily and responsibly.
We want to create an affordable food system through micro markets and eateries. Funds raised will be used to employ more brand ambassadors to help market products, retail meal development and equipment to help scale current food production. Like with any start up, time is the most valuable resource beyond money. With over a decade of experience managing professional sports venues, I have the ability to reduce the amount of time it will take for this brand to go. Utilizing the capital immediately to reach more happy eaters and increase of our market share of the plant based food trend. This project is perfect for us as our original intent is to nourish our community. The fact that our community has the opportunity to invest and earn off this impact project makes the Honeycomb Campaign a perfect fit.
We are raising $250,000, paid over a 60 month period at an interest rate of 9.75%.
Chef Josh sending out some meals.
The Project
Funds raised will allow us to scale up our footprint so that we become a nationwide company, and will allow us to implement self-serve, contactless kiosks for customers to purchase our bowls. The allocation of our funds are listed below.
App development $20,000
Touch Free Healthy Bevi Machines + Hydroponic Indoor Gardens $8,000
Byte Technology Micro Markets ($6500 x 10 locations) $65,000
Hire employees $70,000
New uniforms $2,000
Marketing $35,000
Total $200,000
Our first Honeycomb campaign allowed us to scale up 10x!
Business
History
In today's world, the Standard American Diet (S.A.D) is severely deficient in whole plant-based foods. This deficiency has led our country into an epidemic of chronic disease. Many of these diseases can be cured though through diet and lifestyle changes. The human body is designed to regenerate, but without the nutrients to do so it can't. Try GO Buddha Meals and learn what it's like to Eat Happiness.
During a recent speaking engagement with the Center for Functional Medicine at the Cleveland Clinic, the topic of accessible, fully prepared meals came up in order to nourish our community. The challenge was to create a meal program that could be affordable to anyone's budget. GO Buddha Meals was then born, dedicated to creating affordable plant-based meals for just $10.
We are mindful of our carbon footprint, with 100% compostable packaging.
The name itself lends a hint into the direction that this company will go. Currently we are building brand awareness and a family of happy eaters through our weekly meal prep service. We've established accounts on Uber Eats, Post Mates, and Door Dash to help GO Buddha increase its accessibility in phase two, which will be starting at the beginning of 2020. The third part to the future of GO Buddha Meals is retail distribution from our current shared commissary kitchen to retail food outlets across the city.
Plant-based foods have seen over a 300% increase in sales over the last two years and are still trending up. Industry-leading meat companies such as Tyson have become principal investors in plant-based companies like Beyond Meat which tells you that this is more than just a trend. In today's world, we are busier than ever and spending less time in the kitchen preparing healthy meals. GO Buddha Meals has entered this market at the perfect time, providing both the solution for nutrition and the convenience of accessibility for any budget or lifestyle.
Our first Honeycomb campaign, which raised over $23,000, allowed us to expand our shipping capabilities and implement a brick and mortar. We were able to convert that $23,000 into $200,000 and we are now positioned to expand even further.
The Future
We want to create an affordable food system through micro markets and eateries.
Check out our first micromarket!
Fast Facts
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Vegan, gluten free, and dairy free
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Functional Medicine Friendly
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100% compostable plant-based packaging with 0 carbon footprint
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Featured in Food Management magazine
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Certified Chef Inspired
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Honeycomb alum
Our meals can be enjoyed delivered or in our new restaurant!
About the Owner
Chef Joshua Ingraham
Chef Joshua Ingraham was recently named "The Face of Fitness for Chefs" on thisiscleveland.com, a finalist for the Men's Heath Ultimate Guy Contest and athlete on The Rock's new TV show The Titan Games! Chef Ingraham has been featured in Food Management Magazine, Crain's Cleveland, Men's Health, Dining with Dermish, and as the Local Celebrity Chef for the 2017 GetFitExpo. Competing in Chef Roll's Chef's Plate 8 earned him a chance to represent Ohio in the World Food Championships. Chef Josh's functional food has become the catalyst to athletes achieving better performance. While perfecting his cuisine he was able to shed 30 lbs in 200 days to win $10k and a Pro Sponsorship from Blue Star Nutraceuticals.
Thanks for being part of our journey!
Deal Summary
Deal Summary
|
Issuer |
Go Buddha LLC |
|
Doing Business As |
Go Buddha Meals |
|
Security Type |
Secured Loan |
|
Loan Purpose |
Purchase Equipment |
|
Offering Amount |
$35,000 - $200,000 |
|
Interest Rate |
9.75% annually |
|
Payments |
Monthly, disbursed to investors quarterly |
|
Maturity |
60 months |
|
Personal Guaranty |
Joshua Ingraham |
|
Security Interest |
Blanket lien on assets of company |
|
Offered Portal |
Honeycomb Portal LLC |
|
Offering Type |
Reg CF |
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 Go Buddha 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 Return: Amortization Period* |
Potential Total Repayment* |
| $100 | $2.85 | $6.33 | $126.74 |
| $500 | $14.25 | $31.68 | $633.72 |
| $1,000 | $28.50 | $63.37 | $1,267.45 |
| $5,000 | $37.25 | $316.86 | $6,337.27 |
Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.*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 hybrid interest-only + amortizing loan, which means that there is a specified interest-only period followed by a an amortization period. There are no prepayment penalties and Go Buddha 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.
Go Buddha 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 the investors' behalf.
How Honeycomb is Compensated
Honeycomb charges Go Buddha LLC a $250 posting fee and a 6% - 8% loan origination fee on the total amount funded.
Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.
Like what you see? Check out our other campaigns here!
Testimonials
