Gemz and Boardz

Gemz and Boardz

[Closed for Investment] Gemz and Boardz is raising funds on Honeycomb. It is a crystal and skateboard shop in Chicago, Illinois. Gemz and Boardz sells high-quality and unique crystals, gemstones, and skateboards and offers exceptional customer experiences. Gemz and Boardz now plans to expand its business and add a cafe to attract more customers and increase the duration of their visits. Alberto Abarca and Leslie Garcia founded Gemz and Boardz in September 2019. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for the construction of the retail space, plumbing and architecture of the cafe, counter seating, inventory for crystals and skateboards, bathroom remodel, bills catch up, and cafe patio.

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Investment Overview

Raised this Round: Raised: $26,301

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/03/2023
Close Date
02/01/2024
Min. Goal
$25,000
Max. Goal
$80,000
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
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Leslie Garcia
Title
Owner/Operator & CFO
Founder Name
Alberto Abarca
Title
Owner/Operator

Financials

as of Fiscal Year 2022
 Revenue +16% YoY
$97,976
 Monthly Burn
Profitable
 Cash on Hand
$0
Gross Margin
71%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$97,976

$84,783

COGS

$28,619

$9,778

Tax

$0

$0

 

 

Net Income

$2,349

$1,757

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$29,740

$23,416

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
02/01/2024 Honeycomb - $26,301 Debt Funded RegCF
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Gemz and Boardz on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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