San Giovanni

San Giovanni

Iconic commercial fishing vessel delivering fresh seafood in Monterey since 1959.

Iconic commercial fishing vessel delivering fresh seafood in Monterey since 1959.

Overview

Raised this Round: Raised: $53,828

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/18/2018

Close Date

04/19/2019

Min. Goal
$51,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

5.00%

Year Founded

2017

Industry

Farming & Agriculture

Tech Sector

Location

Monterey, California

San Giovanni is an iconic commercial fishing vessel. Third-generation and family-run, it’s been delivering fresh seafood in Monterey since 1959, and with this campaign, they’re raising funds to refurbish the all-wooden boat to start fishing once again. San Giovanni is capable of $20,000 worth of fish in a three-day trip, and it’s one of only 120 boats in the Certified Sustainable West Coast Groundfish Trawl Fishery. Plus, they have the permits needed to operate the boat year-round, without seasonal restrictions. Projected revenue is $400,000-750,000 annually, with $240,000 in expenses.
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San Giovanni on Wefunder
Platform: Wefunder
Security Type: Debt

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

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