Skidmark Garage
Community access motorcycle garage
Overview
Raised: $10,350
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/12/2020
Close Date
06/26/2020
Min. Goal
$10,000
Max. Goal
$25,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$235
# of Investors
21
Momentum
Funded
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Year Founded
2014
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Skidmark Garage, a community access motorcycle garage, is raising funds on Honeycomb. The garage has a unique business model where there are no mechanics on duty. The members get all the tools and lifts to work on their motorcycles, and they do all the work themselves. During their membership with Skidmark Garage, the members have access to the garage’s tools and lifts and space to keep their motorcycles. Skidmark Garage was founded by Brian Schaffran in 2014. The current round of crowdfunding of the garage has a minimum raise of $10,000 and a maximum raise of $25,000, and the proceeds will be used to pull the business through COVID-19. Skidmark Garage inspired the reality show “Wrench Against The Machine,” and has been featured on the cover of several industry magazines.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$52,737 |
$44,159 |
|
COGS |
$3,279 |
$1,445 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$13,390 |
$-5,705 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/12/2020
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