3 Rivers Outdoor Co

3 Rivers Outdoor Co

A Hub For The Pittsburgh Outdoor Community

A Hub For The Pittsburgh Outdoor Community

Overview

Raised to Date: Raised: $100,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/06/2023

Close Date

10/23/2023

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$250

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,174

# of Investors

84

Momentum
Funded
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Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Growth

3 Rivers Outdoor Co is raising funds on Honeycomb. The company is a prominent outdoor gear business based in Pittsburgh, specializing in providing new and used outdoor gear to enthusiasts. 3 Rivers Outdoor Co offers a wide range of products for various activities such as camping, hiking, fishing, kayaking, and more, with the goal of being a community-centered resource that connects people with their love for the outdoors. They take pride in offering high-quality gear and exceptional customer service. They have been serving the Pittsburgh outdoor community for five years and were recognized as the 'Clubhouse' for building community through Outside Magazine in 2022. Christine Iksic founded 3 Rivers Outdoor Co in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for strategic investments to improve the business: 70% will be allocated to debt refinancing, 25% to digital marketing, and the remaining 5% will be invested in community programming.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$769,839

$703,392

COGS

$402,416

$387,491

Tax

$0

$0

 

 

Net Income

$-63,761

$39,124

Summary Balance Sheet

FY 2022 FY 2021

Cash

$35,097

$53,969

Accounts Receivable

$0

$0

Total Assets

$332,293

$313,959

Short-Term Debt

$190,028

$197,994

Long-Term Debt

$59,900

$0

Total Liabilities

$249,928

$197,994

Financials as of: 09/06/2023
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3 Rivers Outdoor Co on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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