La Coop Coffee
Where Every Sip Tells a Story
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
SMBX
Start Date
11/21/2023
Close Date
01/02/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
4.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,024
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
La Coop Coffee is raising funds on SMBX. It is a coffee business that makes sustainable and high-quality Guatemalan coffee. La Coop Coffee sources its coffee from the Association of Coffee Growers of Union Cantinil (ASOCUC) and other smallholder farm cooperatives and gives the fairest possible price to the producers. The business is focused on community development and providing better-quality beans to its consumers. Juan Luis Salazar founded La Coop Coffee in October 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital and the buildout of a new location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$578,162 |
$639,474 |
|
COGS |
$207,990 |
$21,924,200 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$10,470 |
$82,317 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$68,091 |
$127,628 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$106,444 |
$227,977 |
|
Short-Term Debt |
$67,019 |
$61,789 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$67,019 |
$61,789 |
Financials as of: 11/21/2023
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