Buffalo Iron Works

Buffalo Iron Works

Buffalo Iron Works is raising funds on Honeycomb. It is a live music venue in Buffalo, New York, known for hosting a range of live music performances. Buffalo Iron Works features a spacious interior and creates an ambiance that pairs well with the music-centered purpose of the venue. The entertainment venue has high-quality production standards, with good sound and lighting setups, and is known for its rock and blues, jazz, funk, and electronic music performances. Josh Holtzman and Grace Vesneske founded Buffalo Iron Works in September 2013. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for upgrading the music system, the HVAC system, and kitchen equipment, maintenance of bar and restaurant equipment, marketing, and working capital.

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Investment Overview

Raised this Round: Raised: $99,761

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/13/2024
Close Date
12/16/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.75%

Term Length

3.0 years

Company & Team

Company

Year Founded
2013
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Buffalo, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
28
Prior Founder Exits?
No
Founder Name
Joshua Holtzman
Title
Owner and CEO
Founder Name
Grace Vesneske
Title
Owner & President

Financials

as of Fiscal Year 2023
 Revenue +20% YoY
$1,146,580
 Monthly Burn
$8,175
 Runway
1 months
Gross Margin
45%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,146,580

$954,667

COGS

$626,002

$639,913

Tax

$0

$0

 

 

Net Income

$-98,101

$-150,164

Summary Balance Sheet

FY 2023 FY 2022

Cash

$8,575

$52,592

Accounts Receivable

$1,100

$0

Total Assets

$100,264

$106,388

Short-Term Debt

$102,686

$25,480

Long-Term Debt

$0

$54,460

Total Liabilities

$102,686

$79,940
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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
12/16/2024 Honeycomb - $99,761 Debt Active RegCF
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Buffalo Iron Works on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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