Ferguson Farms
Meat, poultry products, and seafood
Overview
Raised: $40,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/18/2023
Close Date
07/15/2023
Min. Goal
$25,000
Max. Goal
$40,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.75%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,538
# of Investors
44
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
PLANT CITY, Florida
Ferguson Farms is raising funds on Honeycomb. It is a farm based in Graham, North Carolina, known for its high-quality meat, poultry products, and seafood. The farm raises the animals ethically and ships its products, including beef, elk, bison, chicken, and seafood, nationwide. The products of Ferguson Farms are also free from GMOs, antibiotics, hormones, and other harmful additives. Kamau Ferguson and Pennie Ferguson founded Ferguson Farms in June 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $40,000. The campaign proceeds will be used for purchasing a walk-in mobile freezer, an electrical upgrade on the property, refinancing debt, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$117,055 |
$19,884 |
|
COGS |
$73,993 |
$15,873 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,393 |
$-6,712 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,053 |
$2,819 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,053 |
$2,819 |
|
Short-Term Debt |
$7,305 |
$8,210 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,305 |
$8,210 |
Financials as of: 06/18/2023
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