Timeless Coffee Roasters
Restaurants And Bars
Overview
Raised: $345,220
Total Commitments ($USD)
Platform
SMBX
Start Date
12/07/2023
Close Date
02/08/2024
Min. Goal
$20,000
Max. Goal
$350,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,568
Momentum
Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Timeless Coffee Roasters is raising funds on SMBX. It is a plant-based bakery and coffee roastery based in Oakland, California. Timeless Coffee Roasters has four locations in Oakland and Berkeley, and the demand for their pastries and coffee is increasing rapidly. The company makes its baked goods and coffee in-house daily using vegan and high-quality ingredients and serves its customers. RJ Leimpeter founded Timeless Coffee Roasters in July 2012. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $35,000. The campaign proceeds will be used to build a wholesale production and distribution facility to meet the growing demand for its products.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,616,835 |
$1,931,150 |
|
COGS |
$683,516 |
$418,415 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-97,111 |
$50,259 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$36,193 |
$405,261 |
|
Accounts Receivable |
$0 |
$22,780 |
|
Total Assets |
$1,045,717 |
$1,020,122 |
|
Short-Term Debt |
$949,968 |
$819,243 |
|
Long-Term Debt |
$25,062 |
$5,081 |
|
Total Liabilities |
$975,030 |
$824,324 |
Financials as of: 12/07/2023
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