Hitch Hotel Inc.

Hitch Hotel Inc.

Early Stage

The Lightweight Expandable Traveling Hotel

The Lightweight Expandable Traveling Hotel

Overview

Raised to Date: Raised: $335,750

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/11/2020

Close Date

12/20/2021

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$235

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$518

# of Investors

553

Momentum
Funded
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Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Santa Clarita, California

Business Type

Life Style

Hitch Hotel, with a $5 million pre-money valuation, is raising funds on StartEngine. The company makes lightweight expandable hotels that can be attached to the back of any vehicle through a trailer receiver. The product is suitable for constant travelers and weekend adventurers and gives over seven feet of sleeping room. Hitch Hotel Classic is safe, comfortable, raised from the ground, and easily secured. Hitch Hotel was founded by Geoff Patterson and Gil Goren in 2015 and has raised over $170,000 in previous rounds of funding. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. Hitch Hotel is protected by five patents and has already reached over 320,000 potential customers through its website.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-190,140

$-83,990

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$26,724

$14,145

Accounts Receivable

$0

$0

Total Assets

$374,701

$147,494

Short-Term Debt

$537,252

$142,658

Long-Term Debt

$0

$0

Total Liabilities

$537,252

$142,658

Financials as of: 03/11/2020
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Hitch Hotel Inc. on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $5.00

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