Social Coffee BR
A small, mobile coffee cart
Overview
Raised: $21,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/03/2020
Close Date
11/05/2020
Min. Goal
$15,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$348
# of Investors
16
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Social Coffee BR, a mobile coffee cart, is raising crowdfunding on Honeycomb. The coffee cart caters to birthdays, weddings, and business conferences and is known for the quality and craftsmanship of each cup of coffee. Dillon Farrell founded Social Coffee BR in November 2019. The current crowdfunding round has a minimum target of $15,000 and a maximum target of $50,000. The funds will be used to hire more employees, purchase equipment and supplies, and buy a cargo van. Social Coffee BR also expects to grow into a brick-and-mortar location in the future, while continuing to sustain and grow its catering business.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,149 |
$0 |
|
COGS |
$7 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$964 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$690 |
$0 |
|
Accounts Receivable |
$1,380 |
$0 |
|
Total Assets |
$13,027 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$10,000 |
$0 |
|
Total Liabilities |
$10,000 |
$0 |
Financials as of: 09/03/2020
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