Greenberry’s Hard Coffee

Greenberry’s Hard Coffee


About this raise: Greenberry’s Hard Coffee, with a pre-money valuation of $55 million, is raising crowdfunding on StartEngine. The company makes delicious craft-roasted alcohol-infused nitro cold brew. The beverages of Greenberry’s Hard Coffee bring coffee and alcohol together for an innovative experience. Sean Simmons and Roxanne Simmons founded Greenberry’s Hard Coffee in February 2021. The current crowdfunding campaign of the company has a minimum goal of $9,999 and a maximum goal of $1,069,992. The raise proceeds will be used to open a new facility and increase the roasting capacity. Greenberry’s Hard Coffee has been successfully selling its products for 28 years at restaurants, supermarkets, franchises, and online.

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Investment Overview

Invested this round: $213,333

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
03/31/2021
Close Date
11/23/2021
Min. Goal
$9,999
Max. Goal
$1,069,992
Min. Investment

$110

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.00

Early Bird Valuation

$49,500,000

Pre-Money Valuation

$55,000,000

Company & Team

Company

Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Charlottesville, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
Roxanne Simmons
Title
CFO
Founder Name
Sean Simmons
Title
CEO

Financials

 Revenue -24.9% YoY
$1,785,849
 Monthly Burn
Profitable
 Cash on Hand
$24,635
Gross Margin
31%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,785,849

$2,376,867

COGS

$1,232,785

$1,562,405

Tax

$0

$0

 

 

Net Income

$149,828

$141,128

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$24,635

$30,488

Accounts Receivable

$80,824

$134,305

Total Assets

$548,096

$426,745

Short-Term Debt

$351,100

$390,026

Long-Term Debt

$159,900

$0

Total Liabilities

$511,000

$390,026

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Greenberry’s Coffee Roasters (previously Greenberry’s Hard Coffee) 07/29/2022 StartEngine $55,208,318 $137,872 Equity - Common Funded RegCF
Greenberry’s Hard Coffee 11/23/2021 StartEngine $55,000,000 $213,333 Equity - Common 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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Greenberry’s Hard Coffee on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $55,000,000
Price per Share: $11.00

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Warning: according to the close date for this deal, Greenberry’s Hard Coffee may no longer be accepting investments.

Greenberry’s Hard Coffee Deal Report

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