The Random Tea Room

The Random Tea Room

Tea Shop

Tea Shop

Overview

Raised to Date: Raised: $4,350

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/08/2024

Close Date

06/08/2024

Min. Goal
$20,000
Max. Goal
$65,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

21

% of Min. Goal

22%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$483

# of Investors

9

Momentum
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Year Founded

2011

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Philadelphia, Pennsylvania

Business Type

Life Style

The Random Tea Room is raising funds on Honeycomb. It is a tea shop in Philadelphia, Pennsylvania that sells an array of teas and herbal remedies. The Random Tea Room sources its teas from around the world and offers tea blends, healing herbal infusions, and an enriching experience. The business has been in Philadelphia for over sixteen years and has been featured in The Philadelphia Inquirer, Eater Philly, and CNN Travel. Rebecca Goldschmidt founded The Random Tea Room in March 2011. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $65,000. The campaign proceeds will be used for renovations to the existing location, setting up a water filtration system, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$87,216

$117,742

COGS

$13,854

$33,848

Tax

$0

$0

 

 

Net Income

$-5,133

$56,548

Summary Balance Sheet

FY 2023 FY 2022

Cash

$-1,871

$52,741

Accounts Receivable

$0

$0

Total Assets

$-1,871

$52,741

Short-Term Debt

$11,334

$673

Long-Term Debt

$0

$0

Total Liabilities

$11,334

$673

Financials as of: 05/08/2024
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The Random Tea Room on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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