Blackberry Meadows Farm
A certified organic Community Supported Agriculture (CSA)
Overview
Raised: $27,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/09/2020
Close Date
09/17/2020
Min. Goal
$20,000
Max. Goal
$27,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$711
# of Investors
39
Momentum
Funded
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Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Blackberry Meadows Farm, a certified organic Community Supported Agriculture business, is raising funds on Honeycomb. The customers of Blackberry Meadows Farm invest in the farm through annual subscription and/or labor and receive a weekly allotment of produce and products in exchange. The food produced in the farms is heavily focused on soil nutrition and microbiology to get high mineral and vitamin content. Blackberry Meadows Farm is owned by Jennifer A Montgomery and Gregory L Boulas. The proceeds of the current crowdfunding round, with a minimum target of $20,000 and a maximum target of $27,000, will be used to buy and install glamping tent units and purchase more supplies. Blackberry Meadows Farm has 150 regular customers and has developed a thriving Airbnb.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$142,351 |
$97,997 |
|
COGS |
$53,718 |
$23,896 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$20,400 |
$287 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,880 |
$1,893 |
|
Accounts Receivable |
$0 |
$5,500 |
|
Total Assets |
$524,809 |
$691,609 |
|
Short-Term Debt |
$0 |
$57,404 |
|
Long-Term Debt |
$425,082 |
$632,035 |
|
Total Liabilities |
$425,082 |
$689,439 |
Financials as of: 08/09/2020
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