Sip Herbals

Sip Herbals

All-natural coffee alternative

All-natural coffee alternative

Overview

Raised this Round: Raised: $500

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/07/2023

Close Date

09/06/2023

Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.75%

Term Length

3.0 years

Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

GRESHAM, Oregon

Business Type

Growth

Sip Herbals is raising funds on Honeycomb. The company makes caffeine-free coffee alternatives using natural and organic ingredients. Sip Herbals products are made using dandelion, chicory, and carob and have a rich coffee-like flavor. The products of Sip Herbals are available in a variety of flavors, including Pumpkin Spice, Peppermint Mocha, Signature Roast, and Cinnamon Roll, and are suitable for people looking for healthy alternatives to coffee. Orleatha Smith and Kelly Raulerson founded Sip Herbals in January 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for bulk ingredients, recyclable packaging, and retail marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$103,484

$205,408

COGS

$34,621

$56,419

Tax

$0

$0

 

 

Net Income

$20,540

$10,366

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-57

$67,608

Accounts Receivable

$0

$0

Total Assets

$-387

$67,267

Short-Term Debt

$34,957

$5,000

Long-Term Debt

$97,439

$100,600

Total Liabilities

$132,396

$105,600

Financials as of: 08/07/2023
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Sip Herbals on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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