Citizens Coffee

Citizens Coffee

Growth Stage

Forbes Featured National Breakfast & CPG Brand Scaling U.S

Forbes Featured National Breakfast & CPG Brand Scaling U.S

Overview

Raised this Round: Raised: $291,188

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/30/2024

Close Date

09/30/2024

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

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

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.

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

Financials as of: 06/30/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Citizens Coffee 09/29/2024 StartEngine $25,592,500 $291,188 Equity - Common Active RegCF
Citizens 04/14/2021 Republic $12,000,000 $1,238,856 SAFE Funded RegCF
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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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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

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