Iconic Motorbikes

Growth Stage

Your trusted source for ANYTHING motorbike related

Analytics

Raised to Date: Raised: $409,993

Aggregate Commitments $

Platform

StartEngine

Start Date

05/24/2022

Close Date

08/18/2022

Min. Goal

$9,998

Max. Goal

$1,069,995

Min. Investment

$253

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$6.67

Pre-Money Valuation

$20,010,000

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

54

% of Min. Goal

4,101%

% of Max. Goal

38%

Likelihood of Max
likely
Avg. Daily Raise

$12,812

Momentum
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Location

Santa Monica, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

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: 05/24/2022
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Iconic Motorbikes on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,010,000

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