Peekskill Coffee

Peekskill Coffee

Coffee Shop

Coffee Shop

Overview

Raised to Date: Raised: $100,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/10/2023

Close Date

05/16/2023

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,857

# of Investors

52

Momentum
Funded
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Year Founded

2003

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

PEEKSKILL, New York

Business Type

Life Style

Peekskill Coffee is raising funds on Honeycomb. It is a coffee shop in Peekskill, New York. The shop functions as a place to grab a cup of coffee or a bite to eat and a community space to bring people together. Peekskill Coffee serves a variety of freshly roasted specialty coffee and in-house food options, including sweet or savory crepes, paninis, salads, and waffles. The coffee shop is also known for its friendly and welcoming staff, exceptional customer service, and its vegan and gluten-free options. Sunny Cover founded Peekskill Coffee in January 2003. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for rebuilding the customer counter, rebuilding the back counter, wood floors, plumbing costs, equipment, electrical costs, epoxy floors, permits and fees, and architecture.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,319,936

$1,186,707

COGS

$348,941

$319,962

Tax

$0

$0

 

 

Net Income

$42,791

$87,251

Summary Balance Sheet

FY 2022 FY 2021

Cash

$42,566

$88,697

Accounts Receivable

$0

$0

Total Assets

$162,718

$207,377

Short-Term Debt

$0

$23,937

Long-Term Debt

$99,253

$5,817

Total Liabilities

$99,253

$29,754

Financials as of: 04/10/2023
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Peekskill Coffee on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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