Plum and Mule Community Market

Plum and Mule Community Market

Fresh Produce & Local Products

Fresh Produce & Local Products

Overview

Raised to Date: Raised: $25,059

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/04/2024

Close Date

04/02/2024

Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/13/2024

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

$864

# of Investors

41

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Syracuse, New York

Business Type

Life Style

Plum and Mule Community Market is raising funds on Honeycomb. It is a food hub located in an underserved neighborhood of Syracuse, New York, with limited food access. Plum and Mule Community Market’s aim is to promote nutritious locally sourced food and provide education about access to great food to under-resourced communities and school systems. The business serves as an online market, distribution center, and education initiative, bridging the gap between farmers and consumers. Mark Pawliw and Leah de Rosa founded Plum and Mule Community Market in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $60,000. The campaign proceeds will be used for purchasing a reach-in freezer and two walk-in coolers, purchasing equipment for the buildout of a brick-and-mortar location, and operating expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$116,732

$56,018

COGS

$97,314

$41,450

Tax

$0

$0

 

 

Net Income

$-49,052

$-35,078

Summary Balance Sheet

FY 2023 FY 2022

Cash

$7,779

$27,215

Accounts Receivable

$0

$0

Total Assets

$10,848

$30,495

Short-Term Debt

$0

$0

Long-Term Debt

$50,835

$61,470

Total Liabilities

$50,835

$61,470

Financials as of: 03/04/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Plum and Mule Community Market 04/02/2024 Honeycomb - $25,059 Debt Funded RegCF
Eden Fresh Network 05/23/2022 Honeycomb - $69,750 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Plum and Mule Community Market on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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