Pepper Bru
Sports drink and functional beverage
Overview
Raised: $25,150
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/22/2023
Close Date
11/30/2023
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/03/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$364
# of Investors
34
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Pepper Bru is raising funds on Honeycomb. The company makes a unique functional health drink, free of any additives or caffeine, to provide natural energy. Pepper Bru drinks help to lower inflammation and provide natural energy without the use of sugar or chemicals. The drink has a loyal customer base and plans to expand its presence in fitness gyms as a pre-workout drink and in restaurants as a cocktail mixer or a non-alcoholic option. Oneal Latimore founded Pepper Bru in April 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for inventory, distribution, and licenses and certifications.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$10,708 |
$0 |
|
COGS |
$5,150 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-681 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-681 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$-681 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/22/2023
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