Blackberry Meadows Farm

Blackberry Meadows Farm

Closed: Sep. 2020

About this raise

Blackberry Meadows Farm, a certified organic Community Supported Agriculture business, is raising funds on Honeycomb. The customers of Blackberry Meadows Farm invest in the farm through annual subscription and/or labor and receive a weekly allotment of produce and products in exchange. The food produced in the farms is heavily focused on soil nutrition and microbiology to get high mineral and vitamin content. Blackberry Meadows Farm is owned by Jennifer A Montgomery and Gregory L Boulas. The proceeds of the current crowdfunding round, with a minimum target of $20,000 and a maximum target of $27,000, will be used to buy and install glamping tent units and purchase more supplies. Blackberry Meadows Farm has 150 regular customers and has developed a thriving Airbnb.

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Investment Overview

Invested this round: $27,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
08/10/2020
Close Date
09/17/2020
Min. Goal
$20,000
Max Goal
$27,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Natrona Heights, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Founder Name
Gregory Boulos
Title
Owner and Business Manager
Founder Name
Jennifer Montgomery
Title
Owner and Manager

Financials

 Revenue +37% YoY
$142,351
 Monthly Burn
Profitable
 Cash on Hand
$18,880
Gross Margin
62%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$142,351

$97,997

COGS

$53,718

$23,896

Tax

$0

$0

 

 

Net Income

$20,400

$287

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$18,880

$1,893

Accounts Receivable

$0

$5,500

Total Assets

$524,809

$691,609

Short-Term Debt

$0

$57,404

Long-Term Debt

$425,082

$632,035

Total Liabilities

$425,082

$689,439

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/17/2020 Honeycomb - $27,000 Debt Funded RegCF
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Blackberry Meadows Farm on Honeycomb
Platform: Honeycomb
Security Type: Debt

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