Social Coffee BR

Neutral
BETA

A small, mobile coffee cart

Analytics

Raised to Date: $21,600

Aggregate Commitments $
Platform

Honeycomb

Start Date

09/04/2020

Close Date

11/05/2020

Min. Goal

$15,000

Max. Goal

$50,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Weekly Commitments $
Status
Funded
Reporting Date

11/30/2020

Days Remaining
Funded
% of Min. Goal

144%

% of Max. Goal

43%

Likelihood of Max
Funded
Avg. Daily Raise

$348

# of Investors

16

Momentum
Funded
Location

Baton Rouge, Louisiana

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Social Coffee BR, a mobile coffee cart, is raising crowdfunding on Honeycomb. The coffee cart caters to birthdays, weddings, and business conferences and is known for the quality and craftsmanship of each cup of coffee. Dillon Farrell founded Social Coffee BR in November 2019. The current crowdfunding round has a minimum target of $15,000 and a maximum target of $50,000. The funds will be used to hire more employees, purchase equipment and supplies, and buy a cargo van. Social Coffee BR also expects to grow into a brick-and-mortar location in the future, while continuing to sustain and grow its catering business.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,149

$0

COGS

$7

$0

Tax

$0

$0

 

 

Net Income

$964

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$690

$0

Accounts Receivable

$1,380

$0

Total Assets

$13,027

$0

Short-Term Debt

$0

$0

Long-Term Debt

$10,000

$0

Total Liabilities

$10,000

$0

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