Data / Crowdfunding / Maryland / Southeastern Roastery LLC
Southeastern Roastery LLC: crowdfunding raise on Honeycomb Portal LLC, $25,000 to $124,000 (2023)
Southeastern Roastery LLC, a limited liability company in Baltimore, MD, filed a Form C with the SEC on August 9, 2023 to raise $25,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on August 24, 2023. In its most recent fiscal year it reported $131,684 in revenue and a net loss of $2,591, with 3 employees.
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- Website
- southeasternroastery.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 1433 E FORT AVE, Baltimore, MD 21230
- Legal form
- Limited Liability Company
- Jurisdiction
- MD
- Incorporated
- November 26, 2021
- SEC CIK
- 0001981545
Offering terms
From the amendment filed August 9, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $25,000
- Maximum
- $124,000
- Deadline
- August 24, 2023
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed August 29, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $131,684 | $160,548 | sec.gov |
| Cost of goods sold | $17,072 | $21,322 | sec.gov |
| Net income | $-2,591 | $14,473 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $33,603 | $40,189 | sec.gov |
| Cash | $-905 | $5,681 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $1,638 | $3,502 | sec.gov |
| Long-term debt | $4,026 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 29, 2023 | Progress update | $25,000 | $124,000 | August 24, 2023 | Total raised $27,900 | sec.gov |
| August 9, 2023 | Amendment | $25,000 | $124,000 | August 24, 2023 | Lower target offering amount to $25,000.00 and extend target end date | sec.gov |
| June 26, 2023 | Offering | $60,000 | $124,000 | August 10, 2023 | sec.gov |
Updated August 29, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.