The Cactus Bar

Early Stage

Bar

Analytics

Raised to Date: 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

Business Type

Life Style

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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The Cactus Bar on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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