Citizens Coffee


About this raise: Citizens Coffee, with a valuation of $25.6 million, is raising funds on StartEngine. It is a leading breakfast and coffee brand in the country with profitable locations across the US. Citizens Coffee has a proven track record in New York and Texas and has a national pipeline of stores and sales outpacing Starbucks. The company has lifetime sales of $27 million, with a 2024 sales run rate of $7.2 million. Justin Giuffrida and Andrew Paul Geisel founded Citizens Coffee in December 2019. The current crowdfunding campaign has a minimum target of $14,998.97 and a maximum target of $5 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Invested this round: $341,968

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/01/2024
Close Date
08/26/2024
Min. Goal
$14,999
Max. Goal
$1,234,000
Min. Investment

$251

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.53

Pre-Money Valuation

$25,592,500

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Justin Giuffrida
Title
CEO
Founder Name
Andrew Geisel
Title
VP Of Development & Growth

Financials

as of Fiscal Year 2023
 Revenue +5% YoY
$5,035,685
 Monthly Burn
$47,562
 Runway
23.2 months
Gross Margin
75%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,035,685

$4,790,412

COGS

$1,265,513

$1,242,819

Tax

$0

$0

 

 

Net Income

$-570,743

$-613,204

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,102,083

$2,387,145

Accounts Receivable

$180,874

$58,667

Total Assets

$1,819,229

$3,034,249

Short-Term Debt

$583,370

$696,260

Long-Term Debt

$2,403,202

$2,615,486

Total Liabilities

$2,986,572

$3,311,746

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,278,047
VC Backed?
No
Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Citizens Coffee 03/10/2025 StartEngine $25,890,714 $518,822 Equity - Common Active RegCF
Citizens Coffee 08/26/2024 StartEngine $25,592,500 $341,968 Equity - Common Funded RegCF
Citizens 04/15/2021 Republic $12,000,000 $1,238,856 SAFE 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
Citizens Coffee on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,592,500
Price per Share: $3.53

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Follow Citizens Coffee on StartEngine 2024

Buy Citizens Coffee's Deal Report

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

Citizens Coffee Deal Report

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