Happy Honu Shave Ice
Shave Ice Trailer
Overview
Raised: $26,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/26/2024
Close Date
04/10/2024
Min. Goal
$25,000
Max. Goal
$26,000
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
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$605
# of Investors
13
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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
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