Black Crab Fam

Early Stage

Food

Analytics

Raised to Date: Raised: $39,550

Aggregate Commitments $

Platform

Honeycomb

Start Date

06/02/2021

Close Date

07/20/2021

Min. Goal

$25,000

Max. Goal

$60,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Funded
Reporting Date

07/31/2021

Days Remaining
Funded
% of Min. Goal

158%

% of Max. Goal

66%

Likelihood of Max
Funded
Avg. Daily Raise

$824

Momentum
Funded
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Location

Cleveland, Ohio

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Black Crab Fam, food business in Ohio, is raising crowdfunding on Honeycomb. The business makes crab meals and sells them to its customers with love at the heart of the transactions. The food business gives people the space to feel they are not being sold on everything. Jermil Martin founded Black Crab Fam in April 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $60,000. The raise proceeds will target rent, inventory, rebranding and marketing, and equipment purchase. Black Crab Fam has approximately 100 customers per day and generates nearly $500,000 in annual revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$452,377

$475,214

COGS

$283,133

$237,000

Tax

$0

$0

 

 

Net Income

$-13,193

$138,573

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,087

$0

Accounts Receivable

$0

$0

Total Assets

$90,587

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/02/2021
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