Iconic Motorbikes
Growth Stage
Your trusted source for ANYTHING motorbike related
Overview
Raised: $776,907
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/23/2022
Close Date
08/18/2022
Min. Goal
$9,998
Max. Goal
$1,069,995
Min. Investment
$253
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$6.67
Pre-Money Valuation
$20,010,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$9,034
# of Investors
150
Momentum
Funded
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Year Founded
2018
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Iconic Motorbikes, with a valuation of $20 million, is raising funds on StartEngine. The company finds the rarest and coolest bikes on the planet and gives them a new life. The business runs an online auction site, service center, and local destination topped off with white-glove services. Iconic Motorbikes has become a trusted name for anything motorbike-related and has sold over 1,000 motorbikes since January 2020. Thomas A Tromp founded Iconic Motorbikes in April 2018. The current crowdfunding campaign has a minimum target of $9,998.33 and a maximum target of $1,069,994.73. The campaign proceeds will be used to scale and meet consumer demand.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,419,548 |
$4,954,986 |
|
COGS |
$6,121,604 |
$4,427,427 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-84,764 |
$-52,005 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$34,729 |
$41,731 |
|
Accounts Receivable |
$322,121 |
$158,814 |
|
Total Assets |
$1,721,798 |
$600,600 |
|
Short-Term Debt |
$79,045 |
$108,453 |
|
Long-Term Debt |
$363,900 |
$0 |
|
Total Liabilities |
$442,945 |
$108,453 |
Financials as of: 05/23/2022
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