Black Crab Fam
Food
Overview
Raised: $39,550
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/01/2021
Close Date
07/20/2021
Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$824
# of Investors
28
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Black Crab Fam, food business in Ohio, is raising crowdfunding on Honeycomb. The business makes crab meals and sells them to its customers with love at the heart of the transactions. The food business gives people the space to feel they are not being sold on everything. Jermil Martin founded Black Crab Fam in April 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $60,000. The raise proceeds will target rent, inventory, rebranding and marketing, and equipment purchase. Black Crab Fam has approximately 100 customers per day and generates nearly $500,000 in annual revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$452,377 |
$475,214 |
|
COGS |
$283,133 |
$237,000 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,193 |
$138,573 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,087 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$90,587 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/01/2021
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