The Sunrise Shack
About this raise
The Sunrise Shack, with a valuation of $22.5 million, is raising funds on StartEngine. It is a Hawaiian cafe that offers organic coffee, smoothie bowls, and lifestyle merchandise. The Sunrise Shack is a well-known hot spot across the island for both locals and tourists and is a hub for health-conscious and happy people in Hawaii and beyond. The business has a loyal customer base and reported a revenue of $5.18 million in 2022. Alex Smith, Travis Smith, Koa Smith, and Koa Rothman founded The Sunrise Shack in November 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for renovations, new corporate stores, inventory, company employment, working capital, franchising, and debt repayment.
Investment Overview
Invested : $787,661
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/13/2023
- Close Date
- 04/15/2024
$15,000
$1,234,995
$240
Equity - Common
Growth Stage
RegCF
$7.50
$22,509,000
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +23% YoY
- $5,179,949
- Monthly Burn
- $22,631
-
Runway
- 15.2 months
- Gross Margin
- 65%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $22,509,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/15/2024 | StartEngine | $22,509,000 | $787,661 | Equity - Common | Funded | RegCF |