Happy Honu Shave Ice

Happy Honu Shave Ice

Shave Ice Trailer

Shave Ice Trailer

Overview

Raised to Date: Raised: $26,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/26/2024

Close Date

04/09/2024

Min. Goal
$25,000
Max. Goal
$26,000
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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/13/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$605

# of Investors

13

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Peoria, Arizona

Business Type

Life Style

Happy Honu Shave Ice is raising funds on Honeycomb. It is a mobile dessert trailer in Peoria, Arizona, that serves premium Hawaiian-style shave ice. Happy Honu Shave Ice offers over 30 flavors of shave ice, including sugar-free options, that can be topped with vanilla ice cream, mini mochi balls, sweet condensed milk, homemade haupia whip cream, or li hing mui powder. The business has received several awards and has been featured on various news stations and in printed articles. Desmond Martin and Laura Martin founded Happy Honu Shave Ice in November 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $26,000. The campaign proceeds will be used for purchasing an ice shaver and a soft serve machine, welding on the mobile trailer, construction fees, new flooring in the shop, permits and fees to open the shop, and architect fees.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$100,699

$67,196

COGS

$9,019

$9,011

Tax

$0

$0

 

 

Net Income

$32,330

$16,064

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,281

$685

Accounts Receivable

$0

$0

Total Assets

$6,281

$685

Short-Term Debt

$-4,634

$-255

Long-Term Debt

$9,250

$8,358

Total Liabilities

$4,616

$8,103

Financials as of: 02/26/2024
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Happy Honu Shave Ice on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Happy Honu Shave Ice on Honeycomb 2024

Buy Happy Honu Shave Ice's Deal Report

Warning: according to the close date for this deal, Happy Honu Shave Ice may no longer be accepting investments.

Happy Honu Shave Ice Deal Report

Get KingsCrowd’s comprehensive report on Happy Honu Shave Ice including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Happy Honu Shave Ice is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Happy Honu Shave Ice deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge