Fire Department Coffee
Growth Stage
Handcrafted, Super-Premium Coffee
Overview
Raised: $1,153,666
Total Commitments ($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
Price Per Share
$8.40
Pre-Money Valuation
$53,979,988
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/28/2023
Days Remaining
35
% of Min. Goal
7,691%
% of Max. Goal
23%
Likelihood of Max
Avg. Daily Raise
$10,120
# of Investors
921
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.