Catboat Coffee Co.

Catboat Coffee Co.

Open  for investment

About this raise: Catboat Coffee Co., with a valuation of $5 million, is raising funds on StartEngine. It is a specialty coffee shop located on Martha’s Vineyard, focused on sustainability and Lebanese culinary heritage. Catboat Coffee Co. is known for its authentic flavours, exceptional service, and environmental responsibility and is committed to responsible sourcing practices and waste reduction. Naji Boustany and Meredith Leigh Danberg-Ficarelli founded Catboat Coffee Co. in January 2022. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for company employment, working capital, market research and development, inventory, and marketing.

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Investment Overview

Committed this round: $245,290

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
12/30/2024
Close Date
03/27/2025
Min. Goal
$124,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Vineyard Haven, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Naji Boustany
Title
President, Chief Executive Officer, Culinary Director

Financials

as of December 1, 2024
 Revenue
$623,085
 Monthly Burn
$45,000
 Runway
0.9 months
Gross Margin
137%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$623,085

$0

COGS

$-232,949

$0

Tax

$0

$0

 

 

Net Income

$-152,221

$-152,376

Summary Balance Sheet

FY 2023 FY 2022

Cash

$14,039

$38,443

Accounts Receivable

$14,039

$0

Total Assets

$58,899

$43,800

Short-Term Debt

$194,463

$138,598

Long-Term Debt

$786,641

$847,624

Total Liabilities

$981,104

$986,222

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$30,445
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/27/2025 StartEngine $5,000,000 $245,290 Equity - Common Active RegCF
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Add to portfolio
Catboat Coffee Co. on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $5.00

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Follow Catboat Coffee Co. on StartEngine 2024

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