Funnel Cake Spot
[Closed for Investment] Funnel Cake Spot is raising funds on Honeycomb. It is a dessert restaurant in Jacksonville, Florida. Funnel Cake Spot offers fruit-topped funnel cakes, chili dogs, deep-fried candy bars, and other fun foods and delicious desserts. The business has a loyal customer base and has been listed on Restaurant Guru, DoorDash, and Restaurant JI as Top 10 Restaurants in Jacksonville, Florida. Kaila Mays founded Funnel Cake Spot in June 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used to build out the food truck, wrap the food truck, purchase a generator, and pay for rent, inventory, and working capital.
Investment Overview
Raised: $11,650
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 09/11/2024
- Close Date
- 10/11/2024
$25,000
$30,000
$100
Debt
Pre-Seed
RegCF
12.25%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +9% YoY
- $107,260
- Monthly Burn
- Profitable
- Cash on Hand
- $30,454
- Gross Margin
- 57%
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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 |
|---|---|---|---|---|---|---|
| 10/11/2024 | Honeycomb | - | $11,650 | Debt | Not Funded | RegCF |