Windy City Mushroom Farms

Windy City Mushroom Farms

Mushroom Farming

Mushroom Farming

Overview

Raised this Round: Raised: $26,253

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/02/2024

Close Date

07/15/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Chicago, Illinois

Business Type

Life Style

Windy City Mushroom Farms is raising funds on Honeycomb. It is a vertically integrated gourmet mushroom producer in Chicago, Illinois. Windy City Mushroom Farms specializes in fresh mushrooms and a unique line of pre-cooked mushroom-based products known as Fungitarian. The business sells fresh mushrooms to Whole Foods Markets in 70 Midwest stores, Pete-s Fresh Market, Sunset Foods, and Fresh Thyme Chicagoland, and will start selling Fungitarian products through 70 Fresh Thyme stores in June 2024. Guy Furman founded Windy City Mushroom Farms in January 2015. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to purchase expansion equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$520,361

$65,110

COGS

$701,664

$369,961

Tax

$0

$0

 

 

Net Income

$-1,181,292

$-1,002,421

Summary Balance Sheet

FY 2023 FY 2022

Cash

$29,480

$286,834

Accounts Receivable

$89,423

$39,005

Total Assets

$342,203

$544,714

Short-Term Debt

$1,351

$-11,357

Long-Term Debt

$1,328,011

$588,538

Total Liabilities

$1,329,362

$577,181

Financials as of: 06/02/2024
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Windy City Mushroom Farms on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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