Surfwiches Sandwich Shop

Surfwiches Sandwich Shop

Sandwich Shop

Sandwich Shop

Overview

Raised this Round: Raised: $8,600

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/05/2024

Close Date

10/05/2024

Min. Goal
$50,000
Max. Goal
$85,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Term Length

3.0 years

Year Founded

2013

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Jacksonville Beach, Florida

Business Type

Life Style

Surfwiches Sandwich Shop is raising funds on Honeycomb. It is an authentic cheesesteaks and hoagies shop in Jacksonville Beach, Florida. Surfwiches Sandwich Shop has been in the business for over a decade and has been recognized in various local magazines. The business has a loyal customer base and has won several awards, including the Best Steaks Restaurant Award in 2024, the Best Cafe Award in 2024, and the Best Deli Award in 2024. James DeMaio founded Surfwiches Sandwich Shop in April 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $85,000. The campaign proceeds will be used for equipment and renovations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$625,849

$555,434

COGS

$310,665

$262,639

Tax

$0

$0

 

 

Net Income

$-891

$42,156

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,910

$93,971

Accounts Receivable

$0

$0

Total Assets

$45,859

$135,783

Short-Term Debt

$9,514

$10,881

Long-Term Debt

$148,804

$148,804

Total Liabilities

$158,318

$159,685

Financials as of: 09/05/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Surfwiches Sandwich Shop 10/05/2024 Honeycomb - $8,600 Debt Active RegCF

No prior online funding rounds.

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Surfwiches Sandwich Shop on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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