Tea’s Me Cafe
Tea Cafe
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/15/2024
Close Date
09/29/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Tea’s Me Cafe is raising funds on Honeycomb. It is a premium tea cafe in Indianapolis, Indiana that specializes in loose-leaf tea sourced from all over the world. Tea’s Me Cafe offers healthy loose-leaf teas, great food, and a warm ambiance to its guests with special freshness, taste, and aroma. The business is a local favorite and has received several awards since its opening. Tamika Catchings founded Tea’s Me Cafe in February 2017. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing and branding for two kiosk locations, purchasing all in-store supplies, bottled tea expenses, and workforce development.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$235,553 |
$229,633 |
|
COGS |
$100,462 |
$57,421 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-45,925 |
$-5,298 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$8,036 |
$16,715 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,036 |
$16,715 |
|
Short-Term Debt |
$810 |
$241 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$810 |
$241 |
Financials as of: 08/15/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Tea’s Me Cafe | 09/29/2024 | Honeycomb | - | $124,000 | Debt | Active | RegCF |
No prior online funding rounds.
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