Nostalgia Coffee
Early Stage
INSTANTLY BETTER COFFEE
Overview
Raised: $125,404
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/30/2021
Close Date
12/01/2021
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,056
# of Investors
46
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Nostalgia Coffee, with a valuation of $5 million, is raising funds on Wefunder. The company sells high-quality coffee in brew bags. The business has discovered the perfect coffee varietal, origins, processing methods, roast profiles, blend ratios, extraction yield, and brew directions to offer an exceptional coffee experience. Nostalgia Coffee launched its first 5,000 bags in June 2021 and sold out in two hours. Taylor Fields founded Nostalgia Coffee in August 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for advertising, website and POS development, new hiring, and increased production capacity of brew bags and whole beans.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$130,727 |
$137,794 |
|
COGS |
$106,907 |
$58,896 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-87,922 |
$17,324 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,854 |
$5,319 |
|
Accounts Receivable |
$270 |
$0 |
|
Total Assets |
$103,952 |
$76,585 |
|
Short-Term Debt |
$48,280 |
$13,110 |
|
Long-Term Debt |
$77,334 |
$38,295 |
|
Total Liabilities |
$125,614 |
$51,405 |
Financials as of: 09/30/2021
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