Weaver Outdoors (2024)

Weaver Outdoors (2024)

About this raise

Weaver Outdoors is raising funds on Honeycomb. The company is an Outdoor Power Equipment dealership based in Northern Indiana that specializes in selling a wide range of equipment. Weaver Outdoors offers 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. Adam Weaver and Matt Capparelli co-founded Weaver Outdoors in 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for inventory.

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Investment Overview

Not Funded: $5,100

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
01/02/2024
Close Date
02/27/2024
Min. Goal
$50,000
Max Goal
$400,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

7.0 years

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
South Bend, Indiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Adam Weaver
Title
CEO
Founder Name
Matt Capparelli
Title
COO

Financials

 Revenue
$1,384,124
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$179,290
as of FY2022
 Gross Margin
38%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,384,124

$0

COGS

$857,480

$0

Tax

$0

$0

 

 

Net Income

$134,045

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$179,290

$0

Accounts Receivable

$0

$0

Total Assets

$1,213,482

$0

Short-Term Debt

$470,644

$0

Long-Term Debt

$387,580

$0

Total Liabilities

$858,224

$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
02/27/2024 Honeycomb - $5,100 Debt Not Funded RegCF
11/30/2023 Honeycomb - $1,029,951 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Weaver Outdoors on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Weaver Outdoors may no longer be accepting investments.

Weaver Outdoors Deal Report

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