Ferguson Farms

Ferguson Farms

Meat, poultry products, and seafood

Meat, poultry products, and seafood

Overview

Raised this Round: Raised: $36,501

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/24/2024

Close Date

07/24/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

PLANT CITY, Florida

Business Type

Life Style

Ferguson Farms is raising funds on Honeycomb. It is a family-owned and operated farm based in Plant City, Florida, known for its high-quality meat, poultry products, and seafood. Ferguson Farms 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 and are certified by the Global Animal Partnership and the non-GMO Project. 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 $50,000. The campaign proceeds will be used for additional refrigeration, a commercial kitchen, equipment, and a metal warehouse and infrastructure.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$66,866

$117,055

COGS

$58,635

$73,993

Tax

$0

$0

 

 

Net Income

$-16,827

$-3,393

Summary Balance Sheet

FY 2023 FY 2022

Cash

$19,099

$1,053

Accounts Receivable

$0

$0

Total Assets

$32,108

$1,053

Short-Term Debt

$1,433

$7,305

Long-Term Debt

$40,000

$0

Total Liabilities

$41,433

$7,305

Financials as of: 06/24/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ferguson Farms 07/23/2024 Honeycomb - $36,501 Debt Active RegCF
Ferguson Farms 07/14/2023 Honeycomb - $40,000 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Ferguson Farms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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