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Security Type
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Common Stock
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Categories
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Other
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Min Investment
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$235
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Location
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Santa Clarita, CA
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Offering Date
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March 11, 2020
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Expected Close Date
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August 28, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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$5,00 per share
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Valuation
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$5,000,000
Company Description
Hitch Hotel is an expandable traveling hotel that is secured to the back of a vehicle. It easily attaches to any vehicle via a trailer receiver or trailer ball. It has over 7 feet of sleeping room when expanded, which is done fast and easily. Hitch hotel is for the constant traveler and the weekend adventurer. It makes hitting the road a breeze.
Perks
$5,000+ Invest $5,000+ and receive $500 off your Hitch Hotel order + 5% bonus shares
$15,000+ Invest $15,000+ and receive $1,000 off your Hitch Hotel order + 10% bonus shares
$25,000+ Invest $25,000+ and receive $1,500 off your Hitch Hotel order + 15% bonus shares
*All perks occur when the offering is completed.
Key Deal Facts
Amazing Product - Easily expandable, compact traveling hotel that can sleep two adults comfortably—protected by 5 patents and more pending
Strong Traction - Previously generated $170,000 in 30 days on Kickstarter
Huge Market - The global camping and caravanning market is expected to reach $50 billion by 2022
Use of Proceeds
Marketing: 15%
Working Capital: 15.0%
Operations: 29.0%
Inventory: 25.0%
Company Employment: 5.0%
Research & Development: 4.0%
StartEngine Platform Fees: 7.0%
Management Team / Advisory Board Bios
Geoff Patterson
CEO
Geoff Patterson, President/CEO, is no stranger to hard work and seeing his ideas through to fruition. He has spent his life building companies from the ground up with his visionary leadership and passion. For 25 years he has built, owned and operated a successful body shop in Valencia, California. However, on February 11, 2006, while attending a Motocross race, he and his son Geremy witnessed the racer James Marshall crash. This prompted him to change the way we look at motorcycle safety forever. He imported the Leatt Neck Brace and distributed it nationwide, creating over $10 million nationally and 17 million worldwide, in sales the first year. 47 million was generated worldwide in 3 years, thus making it a Household name. In 2009, he created Twisted Beverage Company. This popular beverage made it into 11 states and 1,500 stores in just a couple of months before the FDA recommended that caffeine was unsafe to mix with high alcohol content. His most recent and most potentially successful venture yet is his invention of the Hitch Hotel. The Outdoor Industry is one of the most overlooked economic multi-hundred billion-dollar industries in the nation! Geoff’s expertise in building from the ground up – whether it is a vehicle or a multi-million dollar business – will lead Hitch Hotel into the top ranks of this ever-growing mega-industry, thereby again creating a product with Household name status.
Gil Goren
Vice President & Co-Founder
Gil Goren, Vice President, is a proactive, results-driven professional with an 20 year record of achievement and demonstrated expertise in generating, growing business and closing deals. Gil has strong interpersonal skills and an exceptional ability to identify and anticipate customers’ needs with both inside and outside sales. He is consistently ranked among the top producers in various environments including established, emerging and startup operations.