Portrait Coffee

Portrait Coffee

Growth Stage

Reimagine the world of coffee

Reimagine the world of coffee

Overview

Raised to Date: Raised: $271,318

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/04/2023

Close Date

06/23/2023

Min. Goal
$50,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,400,000

Valuation Cap

$6,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

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

$15,073

# of Investors

380

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

ATLANTA, Georgia

Business Type

Growth

Portrait Coffee, with a valuation of $6 million, is raising funds on Wefunder. It is a coffee roaster and cafe located in Atlanta, Georgia. The specialty coffee of Portrait Coffee has earned it a stellar reputation, sales of thousands of pounds of coffee, and several awards. Portrait Coffee has fulfilled over 50,000 orders and generated $2 million in revenue since its launch. Aaron Fender, Marcus Hollinger, and John Onwuchekwa founded Portrait Coffee in July 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for manufacturing equipment, improving the rating facility, hiring, shifting the supply chain model, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,299,106

$825,548

COGS

$695,639

$467,873

Tax

$0

$0

 

 

Net Income

$-44,535

$-29,127

Summary Balance Sheet

FY 2022 FY 2021

Cash

$32,515

$32,288

Accounts Receivable

$349

$3,163

Total Assets

$162,485

$77,393

Short-Term Debt

$127,114

$50,041

Long-Term Debt

$68,201

$15,647

Total Liabilities

$195,315

$65,688

Financials as of: 06/04/2023
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Portrait Coffee on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $6,000,000

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