Fire Grounds Coffee (2023)

Fire Grounds Coffee (2023)

About this raise

Fire Grounds Coffee, with a valuation of $3.7 million, is raising funds on Mr. Crowd. It is a coffee roaster that has developed premium coffees from coffee beans that come from Colombia. The company is focused on providing top-quality coffee to first responders, including firefighters, police officers, and EMTs, local grocery stores, and veterans. Fire Grounds Coffee has identified distinct customer segments and plans to leverage its competitive edge of high-quality products to establish a cult-like status. The company also plans to create outstanding merchandise and apparel. Paul Clarke founded Fire Grounds Coffee in 2018. The current crowdfunding campaign has a minimum target of $37,000 and a maximum target of $1,036,000. The campaign proceeds will be used for growth and expansion.

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Investment Overview

Invested this round: $47,360

Deal Terms

Total Commitments

Platform
Mr. Crowd
Start Date
06/29/2022
Close Date
04/30/2023
Min. Goal
$37,000
Max Goal
$1,036,000
Min. Investment

$370

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$370.00

Pre-Money Valuation

$3,700,000

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Dallas, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Paul Clarke
Title
CEO

Financials

 Revenue +57% YoY
$111,930
 Monthly Burn
Profitable
 Cash on Hand
$880
 Gross Margin
64%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$111,930

$71,311

COGS

$40,596

$19,423

Tax

$0

$0

 

 

Net Income

$15,211

$-4,791

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$880

$5,644

Accounts Receivable

$0

$0

Total Assets

$67,070

$48,504

Short-Term Debt

$17,922

$14,567

Long-Term Debt

$0

$0

Total Liabilities

$17,922

$14,567

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2026 Mr. Crowd $4,699,099 $230,250 Equity - Common Active RegCF
04/30/2023 Mr. Crowd $3,700,000 $47,360 Equity - Common Funded RegCF
12/31/2021 Mr. Crowd $1,000,000 $0 Equity - Common Not Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Fire Grounds Coffee on Mr. Crowd 2022
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $3,700,000
Price per Share: $370.00

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Warning: according to the close date for this deal, Fire Grounds Coffee may no longer be accepting investments.

Fire Grounds Coffee Deal Report

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