Bumbleberry Farms

Bumbleberry Farms

Honey business

Honey business

Overview

Raised to Date: Raised: $60,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/04/2024

Close Date

02/03/2024

Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/20/2024

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

$2,000

# of Investors

65

Momentum
Funded
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Year Founded

2013

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Growth

Bumbleberry Farms is raising funds on Honeycomb. It is an artisanal honey production company in Pittsburgh, Pennsylvania. Bumbleberry Farms makes high-quality honey and nationally acclaimed honey cream spreads using all-natural ingredients. The products of Bumbleberry Farms can be found in Whole Foods Market, Bloomingdale’s, gourmet shops, wineries, museums, gift shops, and botanical gardens across the US and Canada. Jon Mosholder founded Bumbleberry Farms in July 2013. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for purchasing a commercial steam kettle, a commercial refrigerator, an automated filling machine, a labeling machine, and for marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$510,795

$1,563,416

COGS

$326,203

$835,523

Tax

$0

$0

 

 

Net Income

$60,923

$473,956

Summary Balance Sheet

FY 2022 FY 2021

Cash

$163,029

$372,408

Accounts Receivable

$113,792

$115,554

Total Assets

$372,116

$634,522

Short-Term Debt

$71,638

$12,106

Long-Term Debt

$14,300

$14,300

Total Liabilities

$85,938

$26,406

Financials as of: 01/04/2024
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Bumbleberry Farms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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