Overview
Raised: $47,360
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$370.00
Pre-Money Valuation
$3,700,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$155
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 06/29/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Fire Grounds Coffee | 04/30/2023 | Mr. Crowd | $3,700,000 | $47,360 | Equity - Common | Funded | RegCF |
| Fire Grounds Coffee | 12/31/2021 | Mr. Crowd | $1,000,000 | $0 | Equity - Common | Not Funded | RegCF |
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