Bomvida Farms

Bomvida Farms

[Closed for Investment] Bomvida Farms is raising funds on Honeycomb. It is a farm-to-you grocery store in Bosque, New Mexico, that makes it easy for consumers to access local foods. Bomvida Farms sells produce from its own farms and meats and dairy from other local farms to ensure the local farmers and producers have reliable income from their work. Bomvida Farms reported a 318% year-over-year revenue growth and plans to open new grocery stores, a cafe and deli, and catering services. Chris Whitson and Yana Whitson founded Bomvida Farms in August 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to open a second location, new equipment, freight costs, inventory, and startup/transition costs.

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Investment Overview

Raised this Round: Raised: $71,600

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/24/2023
Close Date
09/22/2023
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Bosque, New Mexico
Business Type
Life Style
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Chris Whitson
Founder Name
Yana Whitson

Financials

as of Fiscal Year 2022
 Revenue
$75,912
 Monthly Burn
$6,496
 Runway
2.7 months
Gross Margin
8%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$75,912

$15,587

COGS

$70,093

$6,127

Tax

$0

$0

 

 

Net Income

$-77,953

$-30,123

Summary Balance Sheet

FY 2022 FY 2021

Cash

$17,344

$3,807

Accounts Receivable

$0

$175

Total Assets

$223,985

$39,139

Short-Term Debt

$101,949

$32,273

Long-Term Debt

$204,622

$36,958

Total Liabilities

$306,571

$69,231

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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
09/22/2023 Honeycomb - $71,600 Debt Funded RegCF
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Bomvida Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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