The Sepia Coffee Project
Uplifting Communities through Coffee
Overview
Raised: $76,650
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/25/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
153%
% of Max. Goal
62%
Likelihood of Max
Avg. Daily Raise
$2,129
# of Investors
81
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Detroit, Michigan
The Sepia Coffee Project is raising funds on Wefunder. It is a coffee roasting company in Highland Park, Detroit, Michigan, that aims to uplift communities through coffee. The Sepia Coffee Project has more than 20 wholesale accounts and has launched its ready-to-drink cold coffee. The business aims to open its retail location and expects to generate $170,000 in revenue in 2023 and $350,000 in wholesale revenue in 2024. Martell Mason, Maria Hernaez, and Kevin Keefe founded The Sepia Coffee Project in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for land acquisition, architectural design fees, equipment upgrades, inventory, buildout fees, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$12,121 |
$0 |
|
COGS |
$4,968 |
$0 |
|
Tax |
$186 |
$5 |
| ||
| ||
|
Net Income |
$-24,231 |
$-27,646 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$799 |
$2,074 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,586 |
$13,153 |
|
Short-Term Debt |
$178 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$178 |
$0 |
Financials as of: 08/25/2023
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