Swelter Coffee Roasters

Swelter Coffee Roasters

Coffee Roasters

Coffee Roasters

Overview

Raised to Date: Raised: $30,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/18/2024

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    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,200

# of Investors

28

Momentum
Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

El Cerrito, California

Business Type

Growth

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: 02/18/2024
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Swelter Coffee Roasters on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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