Decaffe Republic
Coffee Shop
Overview
Raised: $1,275
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/24/2024
Close Date
05/24/2024
Min. Goal
$25,000
Max. Goal
$27,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/03/2024
Days Remaining
20
% of Min. Goal
5%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$142
# of Investors
4
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Decaffe Republic is raising funds on Honeycomb. The company roasts premium decaf coffee for coffee lovers sensitive to caffeine. Decaffe Republic is based in Mount Joy, Pennsylvania, and offers a selection of naturally decaffeinated beans roasted to perfection. The business supports local farmers by sourcing their coffee beans from them and is also dedicated to sustainability. Nicholas Cannistraci founded Decaffe Republic in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $27,000. The campaign proceeds will be used for a coffee roaster, a mobile coffee cart, and other equipment.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$2,174 |
$4,120 |
|
COGS |
$456 |
$979 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,639 |
$-10,286 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$1,000 |
$1,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,415 |
$9,064 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/24/2024
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