Quickwater Coffee

Quickwater Coffee

Quickwater Coffee is raising funds on Honeycomb. The company is based in Rockford, Michigan, and is known for its small-batch slow-roasted coffee. Quickwater Coffee creates an exceptional coffee experience and also offers housemade baked goods and syrups to enhance the cafe experience. The business offers a warm and welcoming environment to coffee lovers and brings quality and its signature taste to the community. Stephen Curtis founded Quickwater Coffee in January 2022. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used for equipment and staffing costs.

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Investment Overview

Raised this Round: Raised: $17,250

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
11/27/2024
Close Date
01/11/2025
Min. Goal
$45,000
Max. Goal
$90,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Rockford, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Stephen Curtis
Title
Owner

Financials

as of Fiscal Year 2023
 Revenue +858% YoY
$227,998
 Monthly Burn
Profitable
 Cash on Hand
$23,829
Gross Margin
75%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$227,998

$23,799

COGS

$57,768

$18,077

Tax

$0

$0

 

 

Net Income

$38,940

$-19,394

Summary Balance Sheet

FY 2023 FY 2022

Cash

$23,829

$5,551

Accounts Receivable

$3,903

$0

Total Assets

$115,905

$80,023

Short-Term Debt

$0

$0

Long-Term Debt

$70,924

$11,570

Total Liabilities

$70,924

$11,570

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/11/2025 Honeycomb - $17,250 Debt Active RegCF
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Quickwater Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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