Back To The Basket

Back To The Basket

Sports Store

Sports Store

Overview

Raised this Round: Raised: $37,537

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/16/2024

Close Date

07/14/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Year Founded

2011

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Portland, Oregon

Business Type

Life Style

Back To The Basket is raising funds on Honeycomb. It is a uniquely curated shop in Portland, Oregon, centered around basketball and the love of the game. Back To The Basket offers vintage and new apparel, memorabilia, cards, and new and preowned sneakers. The shop has a loyal customer base, and its YouTube channel has more than 124,000 subscribers. Troy Douglas and Jalen Thomas founded Back To The Basket in September 2011. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing shoes and apparel, video equipment and editing, store makeover, and SAD lights.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$503,937

$755,819

COGS

$210,342

$496,084

Tax

$0

$0

 

 

Net Income

$67,211

$462

Summary Balance Sheet

FY 2023 FY 2022

Cash

$28,390

$31,673

Accounts Receivable

$0

$0

Total Assets

$118,390

$66,352

Short-Term Debt

$-635

$-943

Long-Term Debt

$0

$0

Total Liabilities

$-635

$-943

Financials as of: 06/16/2024
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Back To The Basket on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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