Moy Bien Tea
Mother-daughter organic loose leaf tea blend.
Overview
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
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$545
# of Investors
30
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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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