Fire Department Coffee

Fire Department Coffee

Growth Stage

Handcrafted, Super-Premium Coffee

Handcrafted, Super-Premium Coffee

Overview

Raised this Round: Raised: $1,826,621

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/06/2023

Close Date

11/02/2023

Min. Goal
$15,000
Max. Goal
$4,999,991
Min. Investment

$496

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$8.40

Pre-Money Valuation

$53,979,988

Logos provided by Clearbit
Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

ROCKFORD, Illinois

Business Type

Growth

Company Website

Fire Department Coffee, with a valuation of $53.98 million, is raising funds on StartEngine. It is a veteran-owned company that handcrafts super-premium coffee with a family-focused lifestyle. The company is also community-focused and gives back to support sick and injured first responders. Fire Department Coffee has a growing selection of coffee, including its proprietary Spirit Infused Coffee, and generated a revenue of more than $6 million in 2022. Luke Schneider founded Fire Department Coffee in June 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for capital restructuring, company employment, working capital, and investments in capital equipment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$6,276,167

$4,965,537

COGS

$2,439,660

$2,219,361

Tax

$-398,490

$184,401

 

 

Net Income

$-428,421

$138,096

Summary Balance Sheet

FY 2022 FY 2021

Cash

$51,637

$161,791

Accounts Receivable

$114,702

$1,972

Total Assets

$2,308,727

$1,471,533

Short-Term Debt

$1,796,055

$543,146

Long-Term Debt

$550,624

$426,105

Total Liabilities

$2,346,679

$969,251
Financials as of: 06/06/2023
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Fire Department Coffee 11/02/2023 StartEngine $53,979,988 $1,826,621 Equity - Common Funded RegCF

No prior online funding rounds.

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Fire Department Coffee on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $53,979,988
Price per Share: $8.40

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