Red Leaf Coffee

Red Leaf Coffee

Red Leaf Coffee, with a valuation of $15.87 million, is raising funds on StartEngine. The company operates a retail coffee chain with eight coffee locations in Washington. Red Leaf Coffee is known for its high-quality coffee that provides clean caffeine along with menu options that cater to people with diverse dietary preferences. The business generated $8.5 million in revenue in 2023 and has been voted Washington’s Best Coffee for two years running. Ray Vandervalk and Melissa Vandervalk founded Red Leaf Coffee in April 2024. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.23 million. The campaign proceeds will be used for infrastructure buildout, franchise buildout, legal and professional fees, cash reserves, and marketing.

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Investment Overview

Raised this Round: Raised: $168,138

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
11/13/2024
Close Date
02/11/2025
Min. Goal
$123,998
Max. Goal
$1,234,997
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.08

Pre-Money Valuation

$15,868,160

Company & Team

Company

Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Longview, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
100
Prior Founder Exits?
No
Founder Name
Ray Vandervalk
Title
President
Founder Name
Melissa Vandervalk
Title
Vice President

Financials

as of October 30, 2024
 Revenue +5% YoY
$8,445,970
 Monthly Burn
Profitable
 Cash on Hand
$180,000
Gross Margin
55%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$8,445,970

$8,023,047

COGS

$3,761,603

$3,802,509

Tax

$0

$0

 

 

Net Income

$100,507

$163,723

Summary Balance Sheet

FY 2023 FY 2022

Cash

$122,062

$96,424

Accounts Receivable

$59,229

$204,940

Total Assets

$615,596

$1,114,741

Short-Term Debt

$674,309

$789,015

Long-Term Debt

$993,622

$1,231,346

Total Liabilities

$1,667,931

$2,020,361

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$600,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/11/2025 StartEngine $15,868,160 $168,138 Equity - Common Active RegCF
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Add to portfolio
Red Leaf Coffee on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,868,160
Price per Share: $3.08

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Follow Red Leaf Coffee on StartEngine 2024

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