Roast Umber

Early Stage

Coffee and Cacao Roasting

Analytics

Raised to Date: Raised: $26,200

Aggregate Commitments $

Platform

MainVest

Start Date

03/15/2021

Close Date

01/14/2022

Min. Goal

$250,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Not Funded
Reporting Date

01/15/2022

Days Remaining
Not Funded
% of Min. Goal

10%

% of Max. Goal

3%

Likelihood of Max
Not Funded
Avg. Daily Raise

$86

Momentum
Not Funded
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Location

Kalamazoo, Michigan

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Roast Umber, a coffee and cacao roasting business in Grand Rapids, MI, is raising funds on MainVest. It is a specialty roasting company that deals in chocolate, coffee, and related products. The business sources its raw material directly from the farms and believes in seed-to-cup and tree-to-bar. Brad Gakenheimer, Chad Morton, Brent Hawkins, and Marc Colcer founded Roast Umber in November 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $250,000, will target growth of the product line and expansion in nationwide distribution. Roast Umber has been in the industry for many years and has established direct relationships with the farmers and producers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$31,304

$6,637

COGS

$48,718

$26,315

Tax

$0

$0

 

 

Net Income

$-263,696

$-152,162

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$28,283

$1,576

Accounts Receivable

$0

$0

Total Assets

$28,010

$1,576

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/15/2021
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Roast Umber on MainVest
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Platform: MainVest
Security Type: Revenue Share Note

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