CRUDE Craft Coffee Bar

CRUDE Craft Coffee Bar

Open  for investment

About this raise: CRUDE Craft Coffee Bar is raising funds on Honeycomb. The coffee shop is based in Fort Worth, Texas, and specializes in crafting high-quality coffee. CRUDE Craft Coffee Bar is also known for its in-house specialty pastries and offers a unique blend of quality coffee and delicious treats. The business was recognized as the 2020 Coffee Culture Top 5 by 360West Magazine, 2021 Best Bakery by Fort Worth Magazine, and awarded the title of the 2024 Best Coffee Shop by Fort Worth Weekly Magazine. Teresa Bloodworth and Corey Bloodworth founded CRUDE Craft Coffee Bar in May 2017. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $200,000. The campaign proceeds will be used for the construction of a new space, inventory, equipment, marketing, permits, and working capital.

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Investment Overview

Committed this round: $5,900

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
12/02/2024
Close Date
01/31/2025
Min. Goal
$100,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Term Length

5.0 years

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Fort Worth, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Teresa Bloodworth
Title
Owner
Founder Name
Corey Bloodworth
Title
Director of Operations and Co-Owner

Financials

as of Fiscal Year 2023
 Revenue +3% YoY
$507,638
 Monthly Burn
$4,539
 Runway
19.5 months
Gross Margin
58%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$507,638

$494,347

COGS

$213,778

$128,539

Tax

$0

$0

 

 

Net Income

$-54,467

$-103

Summary Balance Sheet

FY 2023 FY 2022

Cash

$88,437

$207,867

Accounts Receivable

$0

$0

Total Assets

$100,354

$220,929

Short-Term Debt

$20,828

$21,272

Long-Term Debt

$388,820

$411,800

Total Liabilities

$409,648

$433,072
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2025 Honeycomb - $5,900 Debt Active RegCF
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CRUDE Craft Coffee Bar on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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