Track Time Hobbies
About this raise
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.
Investment Overview
Not Funded: $2,550
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 08/10/2022
- Close Date
- 09/26/2022
$35,000
$75,000
$100
Debt
Quarterly
RegCF
10.50%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $0
- Monthly Burn
- Profitable
-
Cash on Hand
- $623
- Gross Margin
- 77%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/26/2022 | Honeycomb | - | $2,550 | Debt | Not Funded | RegCF |