Bugs Beachin’ Shaved Ice
Food Stand
Overview
Raised: $13,400
Total Commitments ($USD)
Platform
MainVest
Start Date
07/30/2020
Close Date
12/18/2020
Min. Goal
$12,500
Max. Goal
$20,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$96
# of Investors
31
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Bugs Beachin’ Shaved Ice, a food stand in North Myrtle Beach, SC, is raising funds on MainVest. The food stand serves authentic Hawaiian shaved ice, peanut butter fudge, giant-sized popcorn, and freshly spun cotton candy. Bugs Beachin’ Shaved Ice is owned by Dakotah Mick, who launched the brick-and-mortar location in May 2020. The current crowdfunding campaign has a minimum target of $12,500 and a maximum target of $20,000, and the funds will be used to purchase a motorized golf cart equipped with essentials to deliver the offerings to the beach-goers. The business has been slow due to COVID-19; however, there is a high demand for shaved ice in the high-tourism area. Bugs Beachin’ Shaved Ice has already started building a local following by traditional and word-of-mouth marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/30/2020
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