Moy Bien Tea

Moy Bien Tea

Mother-daughter organic loose leaf tea blend.

Mother-daughter organic loose leaf tea blend.

Overview

Raised this Round: Raised: $35,450

Total Commitments ($USD)

Platform

Honeycomb

Start Date

12/20/2022

Close Date

02/24/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Term Length

5.0 years

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Philadelphia, Pennsylvania

Business Type

Growth

Moy Bien is raising funds on Honeycomb. It is a mother-daughter organic loose leaf tea blend company based in North Philadelphia. Moy Bien has developed a line of herbal teas that are not only good for you but also inspire communities to come together. As part of their mission, Moy Bien donates 5% of their profits to non-profit organizations focused on making a difference. Faybein Moy and daughter Jasmin-Ayana Moy founded Moy Bien in 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing more inventory of our herbal, loose leaf teas.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$2,114

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$2,114

$2,114

Summary Balance Sheet

FY 2021 FY 2020

Cash

$56

$0

Accounts Receivable

$1,788

$0

Total Assets

$1,897

$0

Short-Term Debt

$771

$0

Long-Term Debt

$0

$0

Total Liabilities

$771

$0

Financials as of: 12/20/2022
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Moy Bien on HoneyComb 2022
Platform: Honeycomb
Security Type: Debt

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