Ama’Gees
Food Truck
Overview
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
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/16/2024
Days Remaining
14
% of Min. Goal
7%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$163
# 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
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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