Southeastern Roastery

Southeastern Roastery

Closed: Apr. 2020

About this raise

Southeastern Roastery is raising funds on CrowdFund Mainstreet. The business curates sense-focused specialty coffee experiences for culinary and inexperienced palates. Southeastern Roastery makes distinct and authentic coffee roasts and establishes supportive collaborations with women producers and importers. The business currently generates $2,000 per month through wholesale sales and farmers’ market sales and plans to open its own roastery and cafe soon. Candy Schibli founded Southeastern Roastery in June 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $107,000. The campaign proceeds will be used to open the new roastery and cafe, purchase and install new equipment, and hire additional employees.

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Investment Overview

Invested this round: $15,194

Deal Terms

Total Commitments

Platform
CrowdFund Mainstreet
Start Date
03/12/2020
Close Date
04/30/2020
Min. Goal
$15,000
Max Goal
$107,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Capital Intensity
Location
Washington, District of Columbia
Company Website
Visit Website

Team

Employees
1

Financials

 Revenue
$0
as of FY2018
 Monthly Burn
$4,633
as of FY2018
 Runway
7.3 months
as of FY2018

Summary Profit and Loss Statement

FY 2018 FY 2017

Revenue

$23,742

$7,100

COGS

$27,871

$7,807

Tax

$1,456

$400

 

 

Net Income

$-55,595

$-14,553

Summary Balance Sheet

FY 2018 FY 2017

Cash

$33,875

$61,081

Accounts Receivable

$0

$0

Total Assets

$46,262

$68,805

Short-Term Debt

$5,000

$510

Long-Term Debt

$9,778

$0

Total Liabilities

$14,778

$510

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2020 CrowdFund Mainstreet - $15,194 Convertible Note Funded RegCF
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Southeastern Roastery on CrowdFund Mainstreet 2020
Platform: CrowdFund Mainstreet
Security Type: Convertible Note

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Warning: according to the close date for this deal, Southeastern Roastery may no longer be accepting investments.

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