Besse Custom Creations

Besse Custom Creations

Closed: Mar. 2023

About this raise

Besse Custom Creations is raising funds on Honeycomb. It is a custom print shop in New Bedford, Massachusetts, specializing in apparel and hard goods. The offerings of Besse Custom Creations include custom-printed mugs, signs, plaques, clocks, shirts, sweatpants, hoodies, hats, and socks. The business accepts both bulk and individual orders and works with its customers from idea conception to completed print product. Ron Besse founded Besse Custom Creations in January 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for a new embroidery machine and inventory.

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Investment Overview

Not Funded: $100

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
02/23/2023
Close Date
03/24/2023
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Location
Wareham, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Ronald B Besse
Title
Owner

Financials

 Revenue
$131,004
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$4,544
as of FY2022
 Gross Margin
65%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$131,004

$0

COGS

$45,890

$0

Tax

$0

$0

 

 

Net Income

$50,059

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$4,544

$0

Accounts Receivable

$0

$0

Total Assets

$60,084

$0

Short-Term Debt

$32,963

$0

Long-Term Debt

$24,557

$0

Total Liabilities

$57,520

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/24/2023 Honeycomb - $100 Debt Not Funded RegCF
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Besse Custom Creations on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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