Cute Coffee

Cute Coffee

Coffee Shop

Coffee Shop

Overview

Raised this Round: Raised: $10,550

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/25/2024

Close Date

08/09/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Berkeley, California

Business Type

Life Style

Cute Coffee is raising funds on Honeycomb. It is a coffee company based in Inverness, California, that aims to make specialty coffee inclusive and approachable. Cute Coffee celebrates life and inspires customers to embrace themselves and one another and is focused on bridging the gaps between farmers and consumers. The business was voted Best Coffee in Marin County and has been featured in the Coffee People Magazine, Glou Glou, Barista Magazine, Shout LA, and other significant publications. Bianka Brunson and Sabreen Wilkes founded Cute Coffee in December 2016. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase a coffee truck, green coffee, an espresso machine, grinders, brewers, and permits for multiple counties.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$191,311

$104,759

COGS

$83,803

$28,647

Tax

$0

$0

 

 

Net Income

$1,116

$30,064

Summary Balance Sheet

FY 2023 FY 2022

Cash

$155,091

$94,720

Accounts Receivable

$0

$0

Total Assets

$155,091

$94,720

Short-Term Debt

$4,118

$3,623

Long-Term Debt

$0

$0

Total Liabilities

$4,118

$3,623

Financials as of: 06/25/2024
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Cute Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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