Fuzzy Monkey Coffee Co.

Fuzzy Monkey Coffee Co.

Closed: Jul. 2024

About this raise

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.

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Investment Overview

Invested this round: $35,928

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
06/06/2024
Close Date
07/18/2024
Min. Goal
$25,000
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Douglas Simmons
Title
Co-Owner
Founder Name
Brandon Simmons
Title
Co-Owner

Financials

as of Fiscal Year 2023
 Revenue -22.8% YoY
$18,135
 Monthly Burn
Profitable
 Cash on Hand
$20,294
Gross Margin
84%

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

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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
07/18/2024 Honeycomb - $35,928 Debt Funded RegCF
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Fuzzy Monkey Coffee Co. on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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