San Giovanni
Iconic commercial fishing vessel delivering fresh seafood in Monterey since 1959.
Overview
Raised: $53,828
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/19/2018
Close Date
04/19/2019
Min. Goal
$51,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2019
Days Remaining
Funded
% of Min. Goal
106%
% of Max. Goal
50%
Likelihood of Max
Funded
Avg. Daily Raise
$356
# of Investors
60
Momentum
Funded
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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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