Overview
Raised: $9,561
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/26/2024
Close Date
10/26/2024
Min. Goal
$45,000
Max. Goal
$90,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Year Founded
2016
Industry
Travel and Hospitality
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Stay Pittsburgh is raising crowdfunding on Honeycomb. It is an apartment-style hotel in Pennsylvania and the one and only PA Registered Public Benefit Corporation hotel in Pittsburgh. Stay Pittsburgh serves regional and international customers, including young travelers, sports enthusiasts, weekend warriors, and conference-goers. It helps people enjoy the fun culture and location of Pittsburg with affordable prices and convenient amenities. Zachary Patton founded Stay Pittsburgh in July 2016. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used for expansion, marketing, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$476,347 |
$970,724 |
|
COGS |
$129,232 |
$376,782 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-58,523 |
$56,785 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$5,494 |
$51,385 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$445,479 |
$495,770 |
|
Short-Term Debt |
$124,307 |
$122,215 |
|
Long-Term Debt |
$203,851 |
$203,851 |
|
Total Liabilities |
$328,158 |
$326,066 |
Financials as of: 08/26/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Stay Pittsburgh | 10/26/2024 | Honeycomb | - | $9,561 | Debt | Active | RegCF |
| Stay Pittsburgh | 10/11/2020 | Honeycomb | - | $0 | Debt | Not Funded | RegCF |
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