Blackout Coffee

Blackout Coffee


About this raise: Blackout Coffee, with a valuation of $17.9 million, is raising funds on StartEngine. It is an online specialty coffee roasting company known for its fresh coffee. The business sources specialty-grade green coffee beans and works with local co-ops and farmers to get the best beans from the best soil and altitude. Blackout Coffee has sold over $4.5 million worth of products and shipped more than 100,000 orders since its inception. John Dos Santos and Rachael Alyce Santos founded Blackout Coffee in April 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, expansion, company employment, inventory, and working capital.

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Investment Overview

Invested this round: $2,961,090

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/03/2023
Close Date
08/21/2023
Min. Goal
$15,000
Max. Goal
$3,000,000
Min. Investment

$199

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.25

Pre-Money Valuation

$17,940,000

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Labelle, Florida
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
John Santos
Title
CEO
Founder Name
Rachel Santos
Title
President and Director

Financials

as of Fiscal Year 2022
 Revenue +38% YoY
$2,409,670
 Monthly Burn
Profitable
 Cash on Hand
$282,031
Gross Margin
60%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$2,409,670

$1,521,733

COGS

$954,751

$622,247

Tax

$1,939

$1,181

 

 

Net Income

$186,351

$160,296

Summary Balance Sheet

FY 2022 FY 2021

Cash

$282,031

$167,666

Accounts Receivable

$0

$635

Total Assets

$490,697

$239,000

Short-Term Debt

$338,134

$113,987

Long-Term Debt

$120,166

$128,967

Total Liabilities

$458,300

$242,954

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/05/2024 StartEngine $63,910,000 $1,950,672 Equity - Common Funded RegA+
08/21/2023 StartEngine $17,940,000 $2,961,090 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Blackout Coffee on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,940,000
Price per Share: $1.25

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Follow Blackout Coffee on StartEngine 2023

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Warning: according to the close date for this deal, Blackout Coffee may no longer be accepting investments.

Blackout Coffee Deal Report

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