Daps Breakfast & Imbibe

Daps Breakfast & Imbibe

[Closed for Investment] Daps Breakfast & Imbibe is raising funds on Honeycomb. It is a unique and welcoming breakfast spot in Charleston, South Carolina. Daps Breakfast & Imbibe is known for its mimosas on tap, casual yet refined dining style, and high-quality food and beverages. The business has a strong social media presence with over 13,000 followers and has been featured in Conde Nast Traveler’s 10 Best Brunches in Charleston and 36 Best Restaurants in Charleston. Jeremiah Schenzel founded Daps Breakfast & Imbibe in March 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to refinish the patio, maintain the building, and refinance high-interest debt.

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Investment Overview

Raised this Round: Raised: $13,668

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
06/24/2024
Close Date
08/07/2024
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

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Charleston, South Carolina
Business Type
Life Style
Company Website
Visit Website

Team

Employees
280
Prior Founder Exits?
No
Founder Name
Jeremiah Schenzel
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue -90% YoY
$975,504
 Monthly Burn
$435
 Runway
24+ months
Gross Margin
70%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$975,504

$9,744,803

COGS

$297,194

$350,699

Tax

$0

$0

 

 

Net Income

$-5,223

$-21,288

Summary Balance Sheet

FY 2023 FY 2022

Cash

$76,232

$126,900

Accounts Receivable

$0

$0

Total Assets

$118,122

$180,769

Short-Term Debt

$187,280

$12,923

Long-Term Debt

$500,000

$507,900

Total Liabilities

$687,280

$520,823

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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
08/07/2024 Honeycomb - $13,668 Debt Not Funded RegCF
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Daps Breakfast & Imbibe on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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