About this raise
Beanchain Coffee is raising funds on Honeycomb. It is a coffee shop and bakery in Mesa, Arizona, that offers a conference room and shared workspace along with delicious coffee. Beanchain Coffee’s offerings include a unique blend of coffee, pastries, a creative space to work, and a resident tattoo artist. The business also has a photography club formed by workers and customers and features a community-curated library built on donations from the local community. David Baxter founded Beanchain Coffee in October 2021. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $80,000. The campaign proceeds will be used for refinancing loans, inventory for the shop, paying off equipment lease, and additional capital on reserve.
Investment Overview
Invested : $25,041
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 09/30/2024
- Close Date
- 10/30/2024
$25,000
$80,000
$100
Debt
Quarterly
RegCF
14.50%
3.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
-
$134,425
as of FY2023
- Monthly Burn
-
$19,922
as of FY2023
-
Runway
-
0.3 months
as of FY2023
- Gross Margin
-
79%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No