Humphry Slocombe

Humphry Slocombe

Top 5 Ice Creams in America

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Security Type
Other
Categories
Food & Bev
Min Investment
$10
Location
San Francisco, CA
Offering Date
December 31, 2020
Expected Close Date
March 31, 2021
Target Raise
$250.00K-$350.00K
Deal Notes

Security Type:Bond

Bond Duration: 60 months

Yield: 8.00%

Unit Par Value: $10.00

Total Unit Value: $12.17

Company Description

Jake Godby and Sean Vahey opened the first Humphry Slocombe ice cream shop in San Francisco in December 2008, choosing the name after the two lead characters Mr. Humphries and Mrs. Slocombe from the 1970’s British sitcom “Are You Being Served?” Known for unique and sometimes unusual flavors, such as honey thyme, peanut butter curry, and hibiscus beet, Humphry Slocombe’s ice cream has a rebellious and unapologetic personality that appeals to adult tastes, but is loved by all.Humphry Slocombe has almost 300K followers on social media and was recently named one of “San Francisco’s Most Delicious Instagram Accounts” by 7X7 Magazine. It has also attracted attention from the national press including feature articles in The New York Times Magazine and Bon Appetit and several television appearances, such as the “Top 5 Ice Creams in America” spot by Food Network.Since opening, they’ve grown the business to four locations in the Bay Area, including the tourist-frequented Ferry Building, which has made them even more iconic as a San Francisco brand. Their ice creams are now distributed in retail stores across the country, including Whole Foods and Safeway, and they’ve established partnerships with companies like Virgin America and Queer Eye.

Use of Proceeds

The funds raised from this offering will be used to refinance existing debt, saving over $2,500 a month. These savings will then be reinvested back into the business for use as working capital. The remainder of the funds will be used to open its newest location in 2021.

  • (50%) $175,000- Debt Refinance
  • (50%) $175,000- New location 2021

Management Team / Advisory Board Bios

Jake Godby was a pastry chef at some of the best restaurants in San Francisco, and Sean Vahey was a food and beverage manager at the Hyatt and the Four Seasons when they started their journey into the world of ice cream. Good friends already, Jake had Sean try an ice cream he created which would end up becoming their first flavor that they sell to this day, Secret Breakfast–a bourbon base with vanilla bean and extra crispy cornflakes. The day after Sean tried it, he liquidated his 401(k) and they got going.

Jake considers himself the mad scientist behind fans favorite flavors and welcomes the challenges of new partnerships that compel him to think outside of his comfort zone. As the public relations and marketing lead, Sean is the mastermind behind the story of the unforgettable brand.

Deal Notes

Security Type:Bond

Bond Duration: 60 months

Yield: 8.00%

Unit Par Value: $10.00

Total Unit Value: $12.17

Amount Raised : $0
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