The Sunrise Shack
Growth Stage
Our mission is to spread health and happiness around the world!
Overview
Raised: $786,621
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/12/2023
Close Date
04/15/2024
Min. Goal
$15,000
Max. Goal
$1,234,995
Min. Investment
$240
Security Type
Equity - Common
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$7.50
Pre-Money Valuation
$22,509,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/27/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,344
# of Investors
640
Momentum
Funded
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$5,179,949 |
$4,213,758 |
|
COGS |
$1,799,693 |
$1,549,960 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-271,576 |
$-253,635 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$344,447 |
$313,608 |
|
Accounts Receivable |
$239,354 |
$70,491 |
|
Total Assets |
$3,067,250 |
$2,273,917 |
|
Short-Term Debt |
$1,692,787 |
$871,897 |
|
Long-Term Debt |
$2,123,623 |
$1,879,603 |
|
Total Liabilities |
$3,816,410 |
$2,751,500 |
Financials as of: 12/12/2023
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