2nd Semester Consignment Shop

About Documents
$10,250 Funded
$10,000 Target
Closed Time Left
15 Investors
$10,000 Min. Raise
$16,600 Max. Raise
60 mo. Term Length
9.0% Interest Rate





2nd Semester Consignment & Resource Shop is a local shop that provides a convenient, safe, and economical option for educators to buy and sell resources to create long-lasting experiences for all children...while making a little extra cash. We are the first and only consignment store in the country that caterers to educators. With the support of local educators, parents, and community members, valuable resources are kept in the classroom. The monies raised with help extend this vision to a new location by providing furnishing, equipment, and windows and replace the awning to help bring beautification to its new neighborhood.

I am looking to borrow between $10,000 and $16,600 at 9.00% over 60 months. Anyone who is 18 years old can invest.


The Project

We are raising funds to remodel and replace the complete front of the store and furnish the inside of the retail store located at 612 E. 185th St. Cleveland. The glass window blocks will be replaced with new, fully visibility windows that will create a more welcoming atmosphere. The wooden awning will be removed and replaced with a more traditional awning giving it a more modern updated look. Finally, a fresh coat of paint and signage will complete the project.



Before and proposed design.


After the completion of this project, we will finalize our application for the City of Cleveland’s Storefront Renovation Program. This program helps neighborhood retail districts become more attractive, economically viable, and diverse places to visit and shop by assisting in the design and funding of signage and the rehabilitation of traditional storefront buildings. A 50% rebate, up to $30,000, on eligible expenses, will be available for comprehensive exterior rehabilitations that meet the program’s design and eligibility criteria.

This project will allow the tutoring program to continue to grow and impact more local Cleveland children. We were desperately in need for a larger place to expand the tutoring. After much research, we decided that the Greater Collinwood Community would be a great place to begin this journey. Although, the building had major potential it needed a lot of work.



Our expansion in the Greater Collinwood Community area will help local students achieve success and grow academically. For the next 5 years, 2nd Semester Consignment Shop will continue growing its revenue though in-store and online sell. In addition, open several new locations in the Northeast Ohio market, to expand the tutoring program by applying to be non-profit and 501.3c to offer free and discounted tutoring for the local Cleveland children.


How My Journey Began

I had just graduated from college and was excited about my new journey as a 3rd grade teacher in the inner-city of Cleveland. With just enough money to move to a new city and begin my life as an independent professional teacher, I walked into my new first classroom. To my surprise, I walked into a room where there were few desks and the floor to ceiling were blank walls. This 23 year old girl, full of excitement, ready to change the world, was hit with what we call REALITY. I found the only local education store, oh my, I was in complete shock. I couldn’t believe the cost of everything. With no budget from my school and limited personal funds, I figured out how to prioritize some of my items and budget for the rest. 


About 2nd Semester Consignment Shop

2nd Semester Consignment Shop was birthed after the cumbersome task of having to pack and move my classroom's valuables several times within a short period of time. I was further challenged to condense over 20 years of educational resources into a smaller classroom setting after accepting a new position. It occurred to me that other teachers must be experiencing similar situations. It was extremely challenging to find a good home for my vast investment in educational supplies and materials.

For the past 20 years, I have served Cleveland's kids as an educator. During that time, I devoted a lot of energy and my own personal funds to create the perfect classroom culture and environment for my students. As a teacher, I cherish the resources I put into my classroom. However . . . what happens when those resources are no longer needed in my classroom?

Unlike many other resale stores, we only specialize in educational materials, games, books, manipulatives, bulletin board items, etc. Customers enjoy having a place to buy all they need to satisfy educating their students and children while supporting other local educators. They love the idea of keeping these resources in the classroom. Before 2nd Semester, teachers would store hundreds of unused, valuable items in a garage, basement, and storage unit. An average teacher may change grade levels at least 5 times in their career. Unfortunately, with each change, new resources are required. This can be extremely expensive for an educator since they personally purchase at least 90% of their classroom resources. We also help new teachers on a budget to begin their journey by offering discounted resources.



Fast Facts

  • First-of-its-kind consignment shop, alleviating classroom cash crunch for teachers
  • Customers and consignors have tripled in the past three years
  • Selected as 1 of the 20 Cleveland Chain Reaction 2019 Finalists
  • Finalist in Cleveland's JumpStart's Core City: Cleveland Impact Program
  • Cleveland Store Front Renovation Project will contribute 50% of the funds required for the overall project
  • 9.00% interest rate


About the Owner

After 20 years of teaching in a regular classroom setting, I had an opportunity to switch positions.  In my new position I no longer had a need many of my 20 years of valuable resources and downsize to a small area in the hallway.  I packed up my materials and traveled home to store them in the garage.  My husband asked me not to junk up our garage with my items and take them to the consignment store.  After being completely insulted and doing some research, I realized there was no other concept like this anywhere in the country. So 3 months later . . . .​ up births 2nd Semester Consignment Shop.

Deal Summary

Deal Summary


  2nd Semester Consignment Shop LLC

Security Type

  Secured Loan

Loan Purpose

  Purchase installation of signage, lighting, windows, chairs, and furniture

Offering Amount

  $10,000 - $16,600

Interest Rate



  Monthly, Disbursed to Investors Quarterly


  60 months

Personal Guaranty

  Yes, Monica Grays

Security Interest

  Yes, a blanket lien on assets of business


Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to 2nd Semester Consignment Shop, LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

Investment Amount One-Time Fee Potential Quarterly Returns* (Amortizing Period) Potential Total Repayment*
$100 $2.85 $6.22 $124.55
$500 $14.25 $31.13 $622.75
$1,000 $28.50 $62.27 $1,245.50
$5,000 $37.25 $311.37 $6,227.50

*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest, they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a fully amortizing loan: principal and interest are paid down starting with the first payment. There are no prepayment penalties and 2nd Semester Consignment Shop may pay down their loan early which may impact your earnings potential. Please note, returns are not guaranteed and investors could lose some or all of their investment.

Your ongoing responsibilities from investing are very limited. Each year over the life of the loan you will receive a 1099-INT, this is a simple tax document similar to what you receive for most savings accounts.

When 2nd Semester Consignment Shop pays as agreed, you will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the Administrative Agent to manage the collections process on investors' behalf.


How Honeycomb is Compensated

Honeycomb charges 2nd Semester Consignment a $250 posting fee and a 8.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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Offering Documents


Q & A

+ Do you have a financial statement/history on this business? It's hard for me to imagine this is a sustainable financial enterprise, but I am interested in investing in it.

Hello Maria, Thank you for your interest in my campaign and vision to help local teachers. I believe you can see my financial statements in Form C (check the "Investor Info" tab on the campaign page). To date, we are slightly ahead of last year’s projection and with the expansion we anticipate finishing the year strong. In addition, we own the building we’re moving into with no mortgage. As an investor, I can imagine how difficult it can be to invest in such an unique concept. However, with the funds from this campaign, this quiet lamb will quickly become an outrageous beast. - Monica Grays, Second Semester Consignment Shop