The Rustik Collective (2024)

The Rustik Collective (2024)

About this raise

The Rustik Collective, with a valuation of $2 million, is raising funds on Honeycomb. The company operates across multiple industries, including beauty, grooming, coffee, and lifestyle services, and offers a variety of unique experiences under one umbrella. The Rustik Collective’s brands include The Speakeasy Salon & Spa, The Rustik Gentleman Barbershop, Barbershop Black Coffee Company, and The Donut Alehouse. The business also gives back to the community through The Rustik Ropers Foundation, which supports children impacted by trauma from parental substance abuse. Kimberly Thompson founded The Rustik Collective in October 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $100,000. The campaign proceeds will be used for e-commerce expansion, franchise marketing, a mobile trailer, coffee and brew launches, and inventory.

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Investment Overview

Invested this round: $30,005

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
11/15/2024
Close Date
12/30/2024
Min. Goal
$30,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.20

Pre-Money Valuation

$2,000,000

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Tucson, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
19
Prior Founder Exits?
No
Founder Name
Kimberly Thompson
Title
CEO and Executive Vice President

Financials

 Revenue +63% YoY
$627,457
as of FY2023
 Monthly Burn
Profitable
as of FY2023
 Cash on Hand
$21,455
as of FY2023
 Gross Margin
90%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$627,457

$384,972

COGS

$60,150

$41,365

Tax

$0

$0

 

 

Net Income

$26,458

$-4,020

Summary Balance Sheet

FY 2023 FY 2022

Cash

$21,455

$14,778

Accounts Receivable

$0

$0

Total Assets

$932,232

$727,710

Short-Term Debt

$6,125

$0

Long-Term Debt

$161,040

$6,710

Total Liabilities

$167,165

$6,710

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/30/2024 Honeycomb $2,000,000 $30,005 Equity - Common Funded RegCF
12/30/2024 Honeycomb - $30,005 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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The Rustik Collective on Honeycomb 2024
Platform: Honeycomb
Security Type: Equity - Common
Valuation: $2,000,000
Price per Share: $0.20

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Warning: according to the close date for this deal, The Rustik Collective may no longer be accepting investments.

The Rustik Collective Deal Report

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