Anchor Island Coffee
Coffee Shop
Overview
Raised: $4,850
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/20/2023
Close Date
01/01/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
32
% of Min. Goal
8%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$485
# of Investors
9
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Anchor Island Coffee is raising funds on Honeycomb. It is a coffee shop in Kansas City, Missouri that serves specialty-grade coffee and freshly-made food. Anchor Island Coffee serves traditional coffees, including lattes, espressos, cappuccinos, mochas, and other beverages, and breakfast items like burritos. The business has grown its revenue by 1,000% over the last year and plans to grow through franchising in the next 2-3 years. Mike Hastings and Armando Vasquez founded Anchor Island Coffee in September 2019. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for kitchen flooring, deep fryers, POS hardware upgrades, HVAC relocation, storage, and purchasing other equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$298,681 |
$243,305 |
|
COGS |
$66,772 |
$217,635 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-11,878 |
$-132,365 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$40,100 |
$60,100 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$91,979 |
$111,062 |
|
Short-Term Debt |
$32,000 |
$17,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$32,000 |
$17,000 |
Financials as of: 11/20/2023
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