Track Time Hobbies

Track Time Hobbies

Retail Shop

Retail Shop

Overview

Raised to Date: Raised: $2,550

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/09/2022

Close Date

09/26/2022

Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

09/25/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$54

# of Investors

6

Momentum
Not Funded
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Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

TEHACHAPI, California

Business Type

Growth

Track Time Hobbies is raising funds on Honeycomb. It is a commercial slot car track in Bakersfield, California. The business functions as a model car racing store and track and has an ardent following across generations. Track Time Hobbies offers the track along with selling Carrera at-home slot car sets, supplies, and car parts. It also offers monthly on-road RC racing for a different clientele. Sarah Doyel founded Track Time Hobbies in March 2021. 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 refinancing high-interest debt, inventory for existing products, inventory for new products, a new location, and an e-commerce website.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$42,010

$0

COGS

$9,800

$0

Tax

$0

$0

 

 

Net Income

$7,276

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$623

$0

Accounts Receivable

$0

$0

Total Assets

$43,239

$0

Short-Term Debt

$1,847

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,847

$0

Financials as of: 08/09/2022
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Track Time Hobbies on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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