Old Rabbit Club
About this raise: Old Rabbit Club is raising funds on Honeycomb. It is an intimate speakeasy-style bar in New York known for its sophistication and punk rock spirit. Old Rabbit Club offers an exclusive selection of rare brews and other concoctions that ignite the palate and the senses. The club has become an integral part of the street’s cultural heritage and is celebrated as a premier destination for craft beer enthusiasts. Richard Bonilla and Joseph Santos founded Old Rabbit Club in December 2022. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, beer drafts, banquette seating, HVAC, flooring, construction and labor, refinancing high-interest debt, and fixed operating costs.
Investment Overview
Not Funded: $2,664
Deal Terms
Total Commitments ($USD)
- Platform
- Honeycomb
- Start Date
- 06/25/2024
- Close Date
- 08/08/2024
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
11.00%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $178,046
- Monthly Burn
- $4,431
-
Runway
- 2.1 months
- Gross Margin
- 75%
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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 |
|---|---|---|---|---|---|---|
| 08/08/2024 | Honeycomb | - | $2,664 | Debt | Not Funded | RegCF |