Harbor Coffee
Coffee Shop
Overview
Raised: $74,075
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/28/2022
Close Date
01/09/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
Funding Type
RegCF
Interest Rate
11.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
148%
% of Max. Goal
60%
Likelihood of Max
Funded
Avg. Daily Raise
$1,764
# of Investors
57
Momentum
Funded
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Location
Atlanta, Georgia
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Harbor Coffee is raising funds on Honeycomb. It is a coffee cart in Atlanta, Georgia, aiming to open its first brick-and-mortar location soon. The coffee shop serves traditional coffee drinks with rotating specialty beverages made using high-quality ingredients. Harbor Coffee has a loyal customer base and is expected to grow its revenue by 400% in 2022. John Noojin and Caitlin Hemmer founded Harbor Coffee in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for construction, working capital, and retail space buildout.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$8,245 |
$0 |
|
COGS |
$4,366 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$142 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$786 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$36,782 |
$0 |
|
Short-Term Debt |
$8,433 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,433 |
$0 |
Financials as of: 11/28/2022
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