Bugs Beachin’ Shaved Ice

Early Stage

Food Stand

Analytics

Raised to Date: Raised: $13,400

Aggregate Commitments $

Platform

MainVest

Start Date

07/31/2020

Close Date

12/18/2020

Min. Goal

$12,500

Max. Goal

$20,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

107%

% of Max. Goal

67%

Likelihood of Max
Funded
Avg. Daily Raise

$96

Momentum
Funded
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Location

Myrtle Beach, South Carolina

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Life Style

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: 07/31/2020
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Platform: MainVest
Security Type: Revenue Share

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