Ama’Gees

Ama’Gees

Food Truck

Food Truck

Overview

Raised to Date: Raised: $2,450

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/01/2024

Close Date

05/31/2024

Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/18/2024

Days Remaining

12

% of Min. Goal

7%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$144

# of Investors

7

Momentum
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Durham, North Carolina

Business Type

Life Style

Ama’Gees is raising funds on Honeycomb. It is a food truck in Durham, North Carolina, offering the authentic Jamaican experience. Ama’Gees has a loyal customer base for its delectable Jamaican dishes and the cool ambiance with soothing reggae music and it uses high-quality ingredients to create its flavorful dishes. The business has received several shout-outs from its customers and has received several grants supporting its impactful initiatives. Andrea Cole and Dwayne Cole founded Ama’Gees in October 2017. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for electrical upgrades, HVAC system enhancements, exhaust system enhancements, plumbing renovations, fixture enhancements, and licenses and permits.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$295,995

$83,112

COGS

$106,961

$0

Tax

$0

$0

 

 

Net Income

$90,048

$59,662

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,000

$23,000

Accounts Receivable

$0

$0

Total Assets

$310,000

$223,000

Short-Term Debt

$4,334

$0

Long-Term Debt

$41,764

$0

Total Liabilities

$46,098

$0

Financials as of: 05/01/2024
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Ama’Gees on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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