Bold Escape Rooms

Bold Escape Rooms

Escape Rooms

Escape Rooms

Overview

Raised to Date: Raised: $27,100

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/26/2024

Close Date

04/24/2024

Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

9

% of Min. Goal

68%

% of Max. Goal

34%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,355

# of Investors

28

Momentum
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Year Founded

1999

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

Bold Escape Rooms is raising funds on Honeycomb. The escape rooms in Pittsburgh, Pennsylvania, offer cinematic, immersive, and story-driven experiences that challenge and thrill players. Bold Escape Rooms allow players to work together, find clues, solve puzzles, and discover the secrets of their missions. The business also has an event space that is good for hosting dinners, board meetings, fundraisers, birthdays, and other events. Scott Simmons and Wayne Simmons founded Bold Escape Rooms in June 1999. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for escape room expansion, air conditioning, facility upgrades, signage, furniture, and equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$854,527

$769,099

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-49,061

$-210,664

Summary Balance Sheet

FY 2023 FY 2022

Cash

$27,608

$96,952

Accounts Receivable

$0

$0

Total Assets

$136,860

$205,066

Short-Term Debt

$939,446

$856,472

Long-Term Debt

$293,134

$298,434

Total Liabilities

$1,232,580

$1,154,906

Financials as of: 03/26/2024
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Bold Escape Rooms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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