Abundant Acres Farm

Abundant Acres Farm

Farming

Farming

Overview

Raised to Date: Raised: $7,011

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/12/2024

Close Date

03/12/2024

Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/27/2024

Days Remaining

14

% of Min. Goal

20%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$467

# of Investors

15

Momentum
warm.svg
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Year Founded

2020

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Warrenton, Virginia

Business Type

Growth

Abundant Acres Farm is raising funds on Honeycomb. The farm is located in Warrengton, Virginia, and offers fresh and locally-grown fruits and vegetables. Abundant Acres Farm also makes shelf-stable products using its produce, including its award-winning Poppi’s Gourmet Hot Sauce. The business also contributes to the local community by supplying fresh fruits and vegetables to summer school programs and has forged partnerships with local restaurants. Dustin White founded Abundant Acres Farm in February 2020. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for equipment, production, and hiring.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$175,233

$133,266

COGS

$30,882

$0

Tax

$0

$0

 

 

Net Income

$-9,020

$24,884

Summary Balance Sheet

FY 2022 FY 2021

Cash

$11,458

$4,530

Accounts Receivable

$0

$0

Total Assets

$48,599

$17,307

Short-Term Debt

$9,280

$9,801

Long-Term Debt

$30,637

$22,342

Total Liabilities

$39,917

$32,143

Financials as of: 02/12/2024
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Abundant Acres Farm on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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