Later Days Coffee
Early Stage
"Better for You" Cold Brew Coffee With All The Vibes
Overview
Raised: $15,450
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/18/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,000,000
Valuation Cap
$6,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
216
% of Min. Goal
31%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$396
Momentum
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Later Days Coffee, with a valuation of $6 million, is raising funds on Wefunder. The company makes and sells cold brew coffee in a variety of flavors. Later Days Coffee uses high-quality and clean ingredients and offers seven products to the market through over 500 locations across California. The business has $1 million in sales and plans to open its flagship retail coffee shop in late 2023/early 2024. Dave Israel and Robby Horn founded Later Days Coffee in November 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used to continue producing, expanding, and innovating the RTD products and to open the flagship coffee shop.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$454,760 |
$398,608 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-113,087 |
$-252,435 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$205,296 |
$200,253 |
|
Accounts Receivable |
$29,997 |
$35,242 |
|
Total Assets |
$235,293 |
$235,495 |
|
Short-Term Debt |
$115,293 |
$140,495 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$115,293 |
$140,495 |
Financials as of: 08/18/2023
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