Harbor Coffee

Coffee Shop

Overview

Raised to Date: 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

Business Type

Life Style

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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Harbor Coffee on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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