Roast Umber
Coffee and Cacao Roasting
Overview
Raised: $26,200
Total Commitments ($USD)
Platform
MainVest
Start Date
03/14/2021
Close Date
01/14/2022
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.25X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/14/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$86
# of Investors
58
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Roast Umber, a coffee and cacao roasting business in Grand Rapids, MI, is raising funds on MainVest. It is a specialty roasting company that deals in chocolate, coffee, and related products. The business sources its raw material directly from the farms and believes in seed-to-cup and tree-to-bar. Brad Gakenheimer, Chad Morton, Brent Hawkins, and Marc Colcer founded Roast Umber in November 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $250,000, will target growth of the product line and expansion in nationwide distribution. Roast Umber has been in the industry for many years and has established direct relationships with the farmers and producers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$31,304 |
$6,637 |
|
COGS |
$48,718 |
$26,315 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-263,696 |
$-152,162 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,283 |
$1,576 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$28,010 |
$1,576 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/14/2021
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