Teofilo Coffee Company

Teofilo Coffee Company

Coffee Shop

Coffee Shop

Overview

Raised this Round: Raised: $12,575

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/16/2024

Close Date

07/29/2024

Min. Goal
$60,000
Max. Goal
$120,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.00%

Term Length

3.0 years

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Los Alamitos, California

Business Type

Life Style

Teofilo Coffee Company is raising funds on Honeycomb. The coffee company in Los Alamitos, California, sources its coffee from the Philippines in a sustainable way and brings fresh and high-quality coffee into the country. Teofilo Coffee Company has established direct trade relationships with coffee growers and helps provide economic stability to the coffee-growing communities. The business has won several awards and is known for its deep respect for the origin of the beans. Ron Dizon founded Teofilo Coffee Company in February 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $120,000. The campaign proceeds will be used to build two locations in Long Beach, California, and import coffee from the Philippines.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$64,960

$99,987

COGS

$1,566

$215

Tax

$0

$0

 

 

Net Income

$40,829

$49,034

Summary Balance Sheet

FY 2023 FY 2022

Cash

$178,519

$96,825

Accounts Receivable

$5,370

$620

Total Assets

$183,890

$97,445

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/16/2024
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Teofilo Coffee Company on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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