Bean Box

Bean Box

Growth Stage

The Future of Specialty Coffee – At Home

The Future of Specialty Coffee – At Home

Overview

Raised to Date: Raised: $148,644

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/19/2023

Close Date

12/18/2023

Min. Goal
$15,000
Max. Goal
$1,234,997
Min. Investment

$498

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.62

Pre-Money Valuation

$54,012,461

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/26/2023

Days Remaining

83

% of Min. Goal

991%

% of Max. Goal

12%

Likelihood of Max
likely
Avg. Daily Raise

$21,235

# of Investors

106

Momentum
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Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Seattle, Washington

Business Type

Growth

Bean Box, with a valuation of $54.01 million, is raising funds on StartEngine. It is a direct-to-consumer specialty coffee company that offers coffee subscriptions, a la carte coffee, and gifts. Bean Box sources the finest coffee from independent roasters and producers and supports these small businesses. The company shipped 3 million coffee bags and generated $11 million in revenue in 2022, representing a 26% year-over-year growth in subscriber revenue. Matthew Birk and Ryan Fritzky founded Bean Box in September 2012. The current crowdfunding campaign has a minimum target of $14,999.50 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, working capital, and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$10,756,317

$10,615,406

COGS

$5,315,320

$4,413,305

Tax

$0

$0

 

 

Net Income

$-4,041,972

$-4,646,334

Summary Balance Sheet

FY 2022 FY 2021

Cash

$575,106

$975,256

Accounts Receivable

$44,020

$7,353

Total Assets

$4,192,944

$4,824,841

Short-Term Debt

$5,680,127

$4,830,337

Long-Term Debt

$4,032,262

$1,034,519

Total Liabilities

$9,712,389

$5,864,856

Financials as of: 09/19/2023
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Bean Box on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $54,012,461
Price per Share: $2.62

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