To Be Frank
Food Truck
Overview
Raised: $14,445
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/05/2024
Close Date
09/18/2024
Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.50%
Term Length
3.0 years
Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
To Be Frank is raising funds on Honeycomb. It is a food truck in Jacksonville, Florida, with the aim to elevate classic childhood favorites to new heights. To Be Frank reinvents beloved dishes like classic hot dogs, local sausages, burgers, and fresh cherry limeades and specializes in making all meals memorable. The food truck caters to corporate events, private parties, and school lunches and creates extraordinary experiences. Leah Smith founded To Be Frank in October 2020. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for advertising, marketing, equipment for the catering food trailer, staffing, signage, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$40,857 |
$127,357 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,302 |
$31,325 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$-459 |
$-40 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$-459 |
$-40 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/05/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| To Be Frank | 09/18/2024 | Honeycomb | - | $14,445 | Debt | Active | RegCF |
No prior online funding rounds.
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