BeeFavored

BeeFavored

Honey Business

Honey Business

Overview

Raised this Round: Raised: $6,866

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/25/2024

Close Date

07/25/2024

Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

New York City, New York

Business Type

Life Style

BeeFavored is raising funds on Honeycomb. It is an urban beekeeping business in New York known for its artisan honey products. BeeFavored transforms city rooftops into thriving bee habitats and fosters biodiversity, sustainability, community impact, and environmental stewardship. The business has received notable recognition and empowers youth through the BeeFavored HarvestED program that promotes entrepreneurship and sustainable practices. Theresa Crichlow founded BeeFavored in August 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for inventory and supplies, technology and system upgrades, educational program development, marketing and community engagement, operational costs, professional development and training, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$2,136

$88

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$2,136

$85

Summary Balance Sheet

FY 2023 FY 2022

Cash

$610

$474

Accounts Receivable

$-1

$0

Total Assets

$9,560

$1,224

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/25/2024
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BeeFavored on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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