Island Hop

Island Hop

Closed: Sep. 2024

About this raise

Island Hop is raising funds on Honeycomb. The food business is based in Missouri City, Texas, and specializes in fusion Caribbean cuisine. Island Hop blends traditional Caribbean flavors with contemporary culinary techniques and offers a diverse menu of dishes, including savory plantain tacos and spicy jerk chicken. The business originated from a volunteering initiative and has catered to high-profile events, like LL Cool J and The Roots. Victoria Montanez-Roberts founded Island Hop in May 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of 30,000. The campaign proceeds will be used to purchase a grease trap, a steam table, and inventory.

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Investment Overview

Not Funded: $5,000

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/09/2024
Close Date
09/09/2024
Min. Goal
$25,000
Max Goal
$30,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Missouri City, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Victoria Montanez-Roberts
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue -64.9% YoY
$3,077
 Monthly Burn
Profitable
 Cash on Hand
$914

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,077

$8,760

COGS

$0

$436

Tax

$0

$0

 

 

Net Income

$1,356

$-16,449

Summary Balance Sheet

FY 2023 FY 2022

Cash

$914

$-1,744

Accounts Receivable

$-11

$-11

Total Assets

$1,420

$-1,596

Short-Term Debt

$18,695

$17,547

Long-Term Debt

$0

$0

Total Liabilities

$18,695

$17,547

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/09/2024 Honeycomb - $5,000 Debt Not Funded RegCF
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Add to portfolio
Island Hop on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Island Hop may no longer be accepting investments.

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