The Cactus Bar
Early Stage
Bar
Analytics
Raised: $59,300
Aggregate Commitments $
Platform
Honeycomb
Start Date
03/29/2022
Close Date
05/17/2022
Min. Goal
$25,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Debt
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Funded
Reporting Date
05/25/2022
Days Remaining
Funded
% of Min. Goal
237%
% of Max. Goal
40%
Likelihood of Max
Funded
Avg. Daily Raise
$1,210
Momentum
Funded
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Location
Boise, Idaho
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
The Cactus Bar is raising funds on Honeycomb. It is the oldest bar still in existence in downtown Boise where people have fun in a relaxing environment. The good old-fashioned dive bar provides customers with an assortment of local Idaho beers and a variety of entertainment, including a jukebox, a photo booth, lottery machines, and corn hole games. The Cactus Bar has been around for a long time and has won several awards in the city. Lisa Freeman and Daniel Rockrohr founded The Cactus Bar in 1980. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $150,000. The campaign proceeds will be used for renovations, a new bar station, concrete patio flooring, and covered patio buildout.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$846,962 |
$349,673 |
|
COGS |
$204,278 |
$109,306 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$123,938 |
$-121,378 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$53,712 |
$40,566 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$182,362 |
$169,066 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/29/2022
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