Dope Coffee
Early Stage
Our Coffees Tell A Story
Overview
Raised: $116,725
Total Commitments ($USD)
Platform
CrowdFund Mainstreet
Start Date
03/22/2021
Close Date
10/31/2021
Min. Goal
$50,000
Max. Goal
$428,980
Min. Investment
$250
Security Type
Convertible Note
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2021
Days Remaining
Funded
% of Min. Goal
233%
% of Max. Goal
27%
Likelihood of Max
Funded
Avg. Daily Raise
$523
# of Investors
60
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Decatur, Georgia
Dope Coffee is raising funds on CrowdFund Mainstreet. It is a fast-growing coffee brand in America known for its high-quality product and dedication to the culture. The offerings of Dope Coffee include coffee roasts, coffee soaps, coffee scrubs, and beard serum. The business has over 5,600 customers with returning customer rate of 17.2% and has shipped more than 7,000 orders. Michael Loyd and Michelle Loyd founded Dope Coffee in March 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $428,980. The campaign proceeds will be used for supply and inventory, marketing and advertising, sales, working capital, local delivery, operations, and roasting operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$191,223 |
$5,815 |
|
COGS |
$109,069 |
$5,272 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-80,391 |
$-12,756 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$24,967 |
$10,473 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$43,375 |
$10,473 |
|
Short-Term Debt |
$17,381 |
$0 |
|
Long-Term Debt |
$9,000 |
$24,000 |
|
Total Liabilities |
$26,381 |
$24,000 |
Financials as of: 03/22/2021
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