Cute Coffee

Cute Coffee

Closed: Aug. 2024

About this raise

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.

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Investment Overview

Not Funded: $20,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
06/26/2024
Close Date
08/09/2024
Min. Goal
$60,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Bianka Brunson
Title
Co-Owner
Founder Name
Sabreen Wilkes
Title
Co-Owner

Financials

 Revenue +83% YoY
$191,311
as of FY2023
 Monthly Burn
Profitable
as of FY2023
 Cash on Hand
$155,091
as of FY2023
 Gross Margin
56%
as of FY2023

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

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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
08/09/2024 Honeycomb - $20,000 Debt Not Funded RegCF
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Cute Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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

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