Fuzzy Monkey Coffee Co.

Fuzzy Monkey Coffee Co.

Coffee Business

Coffee Business

Overview

Raised this Round: Raised: $6,050

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/05/2024

Close Date

07/06/2024

Min. Goal
$40,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

3.0 years

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Slippery Rock, Pennsylvania

Business Type

Life Style

Fuzzy Monkey Coffee Co. is raising funds on Honeycomb. It is a specialty coffee roaster in Slippery Rock, Pennsylvania, known for its quality and sustainability. Fuzzy Monkey Coffee Co. has a direct trade relationship with a woman-owned Colombian coffee plantation and sources and roasts specialty-grade coffee beans. The business plans to open its first brick-and-mortar location and will be the only specialty coffee shop and roaster in Slippery Rock. Douglas Simmons and Brandon Simmons founded Fuzzy Monkey Coffee Co. in November 2018. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $75,000. The campaign proceeds will be used to build out the cafe and purchase a new roaster.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$18,135

$23,493

COGS

$2,850

$1,805

Tax

$0

$0

 

 

Net Income

$10,799

$5,247

Summary Balance Sheet

FY 2023 FY 2022

Cash

$20,294

$13,734

Accounts Receivable

$0

$0

Total Assets

$32,452

$22,436

Short-Term Debt

$2,378

$9,489

Long-Term Debt

$0

$0

Total Liabilities

$2,378

$9,489

Financials as of: 06/05/2024
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Fuzzy Monkey Coffee Co. on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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