Crest Sacramento
Live entertainment venue
Overview
Raised: $97,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
03/27/2024
Close Date
04/25/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/27/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,473
# of Investors
93
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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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