Southeastern Roastery
Coffee Shop
Overview
Raised: $27,800
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/26/2023
Close Date
08/24/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$479
# of Investors
34
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Southeastern Roastery is raising funds on Honeycomb. The coffee business is based in Baltimore, Maryland, and offers single-origin coffee and bottles of cold brew coffee. The business also serves freshly brewed coffee at its coffee shop, Southeastern Roastery Lab. Southeastern Roastery is known for its delicious and sustainable coffee, contributions to coffee roasting, and alternative methods for sensory exploration. Candy Schibli founded Southeastern Roastery in November 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase a new coffee roaster and get it installed.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$131,684 |
$160,548 |
|
COGS |
$17,072 |
$21,322 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,591 |
$14,473 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$-905 |
$5,681 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$33,603 |
$40,189 |
|
Short-Term Debt |
$1,638 |
$3,502 |
|
Long-Term Debt |
$4,026 |
$0 |
|
Total Liabilities |
$5,664 |
$3,502 |
Financials as of: 06/26/2023
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