Southeastern Roastery
Early Stage
Coffee roasting
Overview
Raised: $15,194
Total Commitments ($USD)
Platform
CrowdFund Mainstreet
Start Date
03/12/2020
Close Date
04/30/2020
Min. Goal
$15,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Convertible Note
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2020
Days Remaining
Funded
% of Min. Goal
101%
% of Max. Goal
14%
Likelihood of Max
Funded
Avg. Daily Raise
$310
# of Investors
22
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Washington, District of Columbia
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$23,742 |
$7,100 |
|
COGS |
$27,871 |
$7,807 |
|
Tax |
$1,456 |
$400 |
| ||
| ||
|
Net Income |
$-55,595 |
$-14,553 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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 |
Financials as of: 03/12/2020
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