Gemz and Boardz
Retail
Overview
Raised: $17,661
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/03/2023
Close Date
12/18/2023
Min. Goal
$40,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
16
% of Min. Goal
44%
% of Max. Goal
22%
Likelihood of Max
Avg. Daily Raise
$609
# of Investors
25
Momentum
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 11/03/2023
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