Patriot Pet Supply

Patriot Pet Supply

Closed: Oct. 2024

About this raise

Patriot Pet Supply is raising funds on Honeycomb. It is a pet specialty store in Elverson, Pennsylvania, dedicated to enhancing the well-being of pets and their owners. Patriot Pet Supply offers a variety of premium pet products, including toys, grooming supplies, food, and accessories, and is committed to high-quality and personalized service. The business is led by a dedicated veteran who is passionate about ensuring that pets lead happy and healthy lives. Stephen Shade founded Patriot Pet Supply in February 2023. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $120,000. The campaign proceeds will be used for inventory, marketing, building out a grooming salon, and new floor displays.

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Investment Overview

Not Funded: $15,999

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
08/19/2024
Close Date
10/14/2024
Min. Goal
$60,000
Max Goal
$120,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2023
Industry
Pet Health, Food, and Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Elverson, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
David Shade
Title
CEO
Founder Name
Stephen Shade
Title
COO

Financials

as of Fiscal Year 2023
 Revenue
$312,431
 Monthly Burn
$7,881
 Runway
1.8 months
Gross Margin
39%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$312,431

$0

COGS

$191,490

$0

Tax

$0

$0

 

 

Net Income

$-94,571

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,855

$0

Accounts Receivable

$0

$0

Total Assets

$75,531

$0

Short-Term Debt

$5,237

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,237

$0

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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
10/14/2024 Honeycomb - $15,999 Debt Not Funded RegCF
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Patriot Pet Supply on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Patriot Pet Supply may no longer be accepting investments.

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