Heavenly Hawaiian
Growth Stage
Hawaii's Best Coffee is Heavenly
Overview
Raised: $1,221,457
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/15/2023
Close Date
04/30/2023
Min. Goal
$14,999
Max. Goal
$1,234,998
Min. Investment
$265
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.12
Pre-Money Valuation
$11,091,840
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$27,143
# of Investors
856
Momentum
Funded
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Year Founded
1998
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Heavenly Hawaiian, with a valuation of $11.09 million, is raising funds on StartEngine. It is an award-winning coffee destination in Kona, Hawaii. The business creates a farm-to-cup experience for its guests with its fresh products, Kona coffee, and guest services. Heavenly Hawaiian hosts several top-rated tours, tastings, and workshops and attracts thousands of guests to the experience. The business reported a CAGR of 28.6% from 2017 to 2022. David Bateman and Trudy Bateman founded Heavenly Hawaiian in January 1998. The current crowdfunding campaign has a minimum target of $14,999 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, operations, internal systems, and inventory.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$1,907,486 |
$1,212,834 |
|
COGS |
$1,537,135 |
$1,179,926 |
|
Tax |
$46,085 |
$19,404 |
| ||
| ||
|
Net Income |
$847 |
$-202,699 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$67,866 |
$96,016 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$841,057 |
$742,099 |
|
Short-Term Debt |
$344,505 |
$252,005 |
|
Long-Term Debt |
$650,308 |
$698,864 |
|
Total Liabilities |
$994,813 |
$950,869 |
Financials as of: 03/15/2023
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