Kribi Coffee Company

Kribi Coffee Company

Growth Stage

Sustainably Conscious Farm-to-Cup Coffee

Sustainably Conscious Farm-to-Cup Coffee

Overview

Raised this Round: Raised: $139,219

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/30/2022

Close Date

02/28/2023

Min. Goal
$10,000
Max. Goal
$1,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$10,450,000

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Oak Park, Illinois

Business Type

Life Style

Kribi Coffee Company, with a valuation of $10.45 million, is raising funds on StartEngine. It is a coffee business that sources green coffee beans ethically, and air roasts them in-house on demand. The business has a patented air-roasting technology that enables the production of authentic, flavorful, and uniquely experiential coffee. Kribi Coffee Company sells through its retail locations, wholesale to other small businesses and coffee shops, and through e-commerce. Jacques E. Shalo founded Kribi Coffee Company in January 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for inventory, sales, marketing, facilities, and technology.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,114,966

$437,627

COGS

$548,596

$220,336

Tax

$0

$0

 

 

Net Income

$-381,890

$-352,644

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,691

$41,777

Accounts Receivable

$35,462

$16,725

Total Assets

$935,217

$617,204

Short-Term Debt

$0

$0

Long-Term Debt

$292,626

$416,847

Total Liabilities

$292,626

$416,847

Financials as of: 10/30/2022
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Kribi Coffee Company on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,450,000
Price per Share: $5.00

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