Crest Sacramento

Crest Sacramento

Live entertainment venue

Live entertainment venue

Overview

Raised to Date: Raised: $62,253

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/27/2024

Close Date

04/25/2024

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

14.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/18/2024

Days Remaining

6

% of Min. Goal

104%

% of Max. Goal

50%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,830

# of Investors

59

Momentum
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Year Founded

2019

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Sacramento, California

Business Type

Life Style

Crest Sacramento is raising funds on Honeycomb. It is a live entertainment venue in Sacramento, California, that is reimagining the movie-going experience. Crest Sacramento caters to a diverse array of entertainment enthusiasts and provides unique viewing experiences, including movie screenings and live experiences. It is a historical landmark in Sacramento and has preserved the city’s architectural and historical essence. Elliot Prestwich and Robert Alvis founded Crest Sacramento in May 2019. 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 refurbishing the projectors and the Surround Sound System and licensing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,987,496

$3,757,130

COGS

$4,002,676

$2,387,974

Tax

$0

$0

 

 

Net Income

$-558,879

$-396,700

Summary Balance Sheet

FY 2023 FY 2022

Cash

$66,252

$466,852

Accounts Receivable

$0

$0

Total Assets

$178,789

$568,168

Short-Term Debt

$731,932

$424,825

Long-Term Debt

$88,384

$144,414

Total Liabilities

$820,316

$569,239

Financials as of: 03/27/2024
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Crest Sacramento on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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