Black Kahawa Coffee

Black Kahawa Coffee

Coffee Business

Coffee Business

Overview

Raised to Date: Raised: $47,760

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/04/2024

Close Date

04/03/2024

Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.75%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/16/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,647

# of Investors

46

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

Location

Columbus, Ohio

Business Type

Growth

Black Kahawa Coffee is raising funds on Honeycomb. The company sells roasted coffee wholesale to businesses and grocers and directly to consumers through its website and mobile coffee experience. Black Kahawa Coffee imports its coffee from small farms and estates in East African countries, mostly through direct trade, and has earned MBE and EDGE certifications with the State of Ohio. The business has a loyal customer base and has been featured in The Columbus Dispatch. Douglas Buckley founded Black Kahawa Coffee in March 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for furnishing and decorating a downtown patio East African coffee experience, hiring, refinancing high-interest debt, paying off a new roaster, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$114,653

$121,358

COGS

$26,059

$47,883

Tax

$0

$0

 

 

Net Income

$-39,859

$5,869

Summary Balance Sheet

FY 2023 FY 2022

Cash

$24,358

$25,621

Accounts Receivable

$0

$0

Total Assets

$29,732

$30,995

Short-Term Debt

$29,171

$30,864

Long-Term Debt

$73,572

$73,572

Total Liabilities

$102,743

$104,436

Financials as of: 03/04/2024
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Black Kahawa Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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