Bomvida Farms

Bomvida Farms

Retail

Retail

Overview

Raised to Date: Raised: $71,600

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/27/2023

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

$2,469

# of Investors

55

Momentum
Funded
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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

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.

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

Financials as of: 08/24/2023
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Bomvida Farms on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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