Colorado Manure Hauling

Colorado Manure Hauling

Closed: Oct. 2021

About this raise: Colorado Manure Hauling is raising funds on Honeycomb. It is the premier recycling service of large animal manures, especially for equine owners. The company hauls off a pile of animal waste from the surrounding areas and brings it to its composting facility. Colorado Manure Hauling is registered with the USDA and is a member of the US Composting Council. Roger Whetstine and Jonathan Whetstine founded Colorado Manure Hauling in February 2015. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used to purchase a new well for the composting operation and secure working capital.

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Investment Overview

Invested this round: $43,500

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/31/2021
Close Date
10/19/2021
Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Peyton, Colorado
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Roger Whetstine
Title
CEO
Founder Name
Jonathan Whetstine
Title
Compost Manager

Financials

 Revenue +280% YoY
$402,670
 Monthly Burn
$4,684
 Runway
0.2 months
Gross Margin
92%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$402,670

$144,019

COGS

$30,638

$0

Tax

$0

$0

 

 

Net Income

$-56,206

$27,982

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,143

$20,065

Accounts Receivable

$-8,050

$0

Total Assets

$975,550

$986,538

Short-Term Debt

$-909

$0

Long-Term Debt

$0

$0

Total Liabilities

$-909

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/19/2021 Honeycomb - $43,500 Debt Funded RegCF
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Colorado Manure Hauling on Honeycomb 2021
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Colorado Manure Hauling may no longer be accepting investments.

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