Timeless Coffee Roasters

Timeless Coffee Roasters

Restaurants And Bars

Restaurants And Bars

Overview

Raised this Round: 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    Open SEC Filing

Interest Rate

11.00%

Term Length

5.0 years

Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Oakland, California

Business Type

Life Style

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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Timeless Coffee Roasters on SMBX 2023
Platform: SMBX
Security Type: Debt

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