The Black Coffee Company
Organic, premium quality coffee
Overview
Raised: $112,900
Total Commitments ($USD)
Platform
Seed At The Table
Start Date
11/06/2023
Close Date
01/31/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.25X
Rev. Share %
10.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/03/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,328
# of Investors
49
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
The Black Coffee Company is raising funds on Seed At The Table. The company offers a range of organic and responsibly sourced roasted coffee beans from across the world. The Black Coffee Company’s offerings include a flagship coffee shop in Atlanta, Georgia, and products including ground coffee, loose-leaf tea, and k-cups. The company has a loyal customer base and works on the principles of entrepreneurship, financial freedom, and community empowerment. Jamin Butler, Leonard Lightfoot, Gino Jones, Christopher Bolden, and Branden Cole founded The Black Coffee Company in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for equipment acquisition and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$277,566 |
$74,212 |
|
COGS |
$76,083 |
$24,922 |
|
Tax |
$13,015 |
$2,132 |
| ||
| ||
|
Net Income |
$-28,509 |
$6,238 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$36,263 |
$46,645 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$83,196 |
$97,438 |
|
Short-Term Debt |
$14,739 |
$31,312 |
|
Long-Term Debt |
$50,142 |
$17,642 |
|
Total Liabilities |
$64,881 |
$48,954 |
Financials as of: 11/06/2023
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