Decaffe Republic

Decaffe Republic

Coffee Shop

Coffee Shop

Overview

Raised to Date: Raised: $2,475

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    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/22/2024

Days Remaining

1

% of Min. Goal

10%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$88

# of Investors

7

Momentum
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Mount Joy, Pennsylvania

Business Type

Life Style

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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Decaffe Republic on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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