Weaver Outdoors

Weaver Outdoors

Where Family and Service Meet

Where Family and Service Meet

Overview

Raised to Date: Raised: $1,002,161

Total Commitments ($USD)

Platform

Honeycomb

Start Date

09/11/2023

Close Date

11/10/2023

Min. Goal
$1,000,000
Max. Goal
$1,900,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/28/2023

Days Remaining

43

% of Min. Goal

100%

% of Max. Goal

53%

Likelihood of Max
extremely
Avg. Daily Raise

$58,951

# of Investors

9

Momentum
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Year Founded

2021

Industry

Tech Sector

Location

South Bend, Indiana

Weaver Outdoors is raising funds on Honeycomb Credit. The company is an Outdoor Power Equipment dealership based in Northern Indiana that specializes in selling a wide range of equipment. They offer products including mowers, tractors, wheel loaders, snowplows, attachments, and more, catering to homeowners, landscapers, contractors, municipalities, and agricultural professionals. In 2023, Weaver Outdoors was honored with the title of "GiANT New Dealer of the Year" and was also given the 5-star Dealer award from The Grasshopper Company. Cousins Adam Weaver and Matt Capparelli co-founded Weaver Outdoors in 2021. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $1,900,000. The campaign proceeds will be used for purchasing a second dealership in South Bend, IN, investing in more inventory and equipment, and enhancing logistics and service capabilities.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$204,455

$0

COGS

$72,046

$0

Tax

$0

$0

 

 

Net Income

$-72,298

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$143,258

$47

Accounts Receivable

$2,563

$0

Total Assets

$327,745

$47

Short-Term Debt

$35,309

$0

Long-Term Debt

$777,273

$0

Total Liabilities

$812,582

$0

Financials as of: 09/11/2023
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Weaver Outdoors on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt
Price per Share: $1.00

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