Swelter Coffee Roasters
Coffee Roasters
Overview
Raised: $30,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/19/2024
Close Date
03/15/2024
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Swelter Coffee Roasters is raising funds on Honeycomb. It is a coffee brand that delivers high-quality, delicious, and ethically sourced coffee. Swelter Coffee Roasters sources from female producers and shares their stories with the customers to promote gender equity, and creates a minimal environmental impact by delivering its coffee in the best packaging possible. The business has a loyal customer base and has achieved significant revenue growth in the past three years. Stephanie Welter-Krause founded Swelter Coffee Roasters in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for branding, website updates, marketing, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$31,603 |
$88 |
|
COGS |
$223 |
$3 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,918 |
$85 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$4,800 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,718 |
$0 |
|
Short-Term Debt |
$6,046 |
$0 |
|
Long-Term Debt |
$-1,855 |
$0 |
|
Total Liabilities |
$4,191 |
$0 |
Financials as of: 02/19/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Swelter Coffee Roasters | 03/15/2024 | Honeycomb | - | $30,000 | Debt | Funded | RegCF |
No prior online funding rounds.
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