To Be Frank

To Be Frank

Closed: Oct. 2024

About this raise: 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.

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Investment Overview

Not Funded: $14,695

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/05/2024
Close Date
10/02/2024
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Jacksonville, Florida
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Leah Smith
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -67.9% YoY
$40,857
 Monthly Burn
$275
 Runway
0 months

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

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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
10/02/2024 Honeycomb - $14,695 Debt Not Funded RegCF
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To Be Frank on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, To Be Frank may no longer be accepting investments.

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