Daps Breakfast & Imbibe

Daps Breakfast & Imbibe

Restaurant

Restaurant

Overview

Raised this Round: Raised: $13,068

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/23/2024

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

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

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.

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

Financials as of: 06/23/2024
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Daps Breakfast & Imbibe on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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