Overview
Raised: $1,029,951
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/10/2023
Close Date
11/30/2023
Min. Goal
$1,000,000
Max. Goal
$1,900,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
7.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/02/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$12,874
# of Investors
39
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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: 09/10/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Weaver Outdoors | 02/26/2024 | Honeycomb | - | $5,100 | Debt | Not Funded | RegCF |
| Weaver Outdoors | 11/29/2023 | Honeycomb | - | $1,029,951 | Debt | Funded | RegCF |
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