Kribi Coffee Company

Sustainably Conscious Farm-to-Cup Coffee Show More

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Security Type
Common Stock
Categories
Food & Bev
Min Investment
$500
Location
OAK PARK, IL
Offering Date
October 28, 2022
Expected Close Date
February 27, 2023
Target Raise
$10.00K-$1.00M
No. Investors
96
Security Price
$5
Valuation
$10,450,035
Website
kribicoffee.com
Number of Employees
25
Cash
$41,691
Revenue
$1,114,966
Short Term Debt
$0
Cost of Goods
$548,596
Long Term Debt
$292,626
Net Income
$-381,890

Company Description

Kribi Coffee Air Roastery is a growing coffee business operating locally in the Chicago area, while also serving the global community at large. Our fresh coffee concept combines the use of ethically-sourced green coffee beans, with a proprietary technique of air-roasting the raw beans in-house, on-demand.

Key Deal Facts

Utilizing patented air-roasting technology, Kribi Coffee Air Roastery is able to offer consumers and connoisseurs something new – a cup of coffee that is authentically farm fresh, distinctly flavorful, and uniquely experiential.

Throughout the world, coffee is one of the largest traded commodities. In particular, the global market for specialty coffee is at a five year high with a market share slated to reach over $117.89 billion by 2028.*

With a threefold growth strategy that includes retail shops, wholesale, and eCommerce, we believe Kribi Coffee Air Roastery is moving quickly to corner valuable market share in the coffee industry, while also upholding a global social mission of achieving fair trade collaboration, community outreach, and environmental sustainability.

Management Team / Advisory Board Bios

Jacques E. ShaloPresident/CEOBorn and raised in a coffee farm in Cameroon, Shalo has 30+ years in the coffee business. After 20+ years of executive management experiences at Salesforce.com, Oracle and IBM, Shalo founded Java Master International in 2016. The latter is the patent holder of the Java Masterâ„¢ Air Roasters. Shalo is a serial entrepreneur and currently serves as President/CEO of Kribi Coffee Company.
Amir SemsariehVice President of Warehouse OperationsWith 11+ years coffee experience, Amir has served as an owner-operator of several coffee shops. Prior to that Amir lead the introduction and management of Italian coffee company - Filicori-Zuchinni Coffee in the US.
Amir currently manages Kribi Coffee's wholesale, roasting, packaging and coffee and equipment services.

Jeremiah ShaloBrand Strategist & DesignerJeremiah is an independent illustrator and graphic designer based in Chicago. His illustration style is graphic, humorous, and colorfully bold.
Jeremiah has designed for major beverage companies including Goose Island Brewery.
He is responsible for the design and branding elements that make Kribi Coffee what it is today.
Anne ShaloVice President of Operations - Kribi Coffee UKAnne Shalo has 10+ years experience in high end retail at Lululemon Apparel, SoulCycle and several other boutique firms. A certified barista, she has held positions at upscale restaurants in the Netherlands. Previously she served in an admin and digital marketing role at Java Master International. With a small team of 4, she is currently responsible for day-to-day warehouse operations, sales, customer service and digital marketing for Kribi Coffee UK., David W. HinesExecutive Vice PresidentDr. David W. Hines is an infectious disease specialist in Chicago, Illinois and is affiliated with multiple hospitals in the area, including Advocate Illinois Masonic Medical Center and Advocate Good Shepherd Hospital. He received his medical degree from Rush Medical College of Rush University Medical Center and has been in practice for more than 20 years. A serial entrepreneur, Dr. Hines has invested and served on the board of Java Master for the past 5 years.
Dr. Hines serves an investor, dirtector and advisor at Kribi Coffee Company.
Zev SieglAdvisorA Founding Partner of Starbucks Coffee Company. Passionate about enabling entrepreneurs and business owners succeed. Globally recognized business keynote speaker, consultant, and business start up advisor.
Zev has served as a pro-bono advisor to Kribi Coffee Company since its inception in 2019.
Abbey BrumfielExecutive Director - Store OperationsAbbey comes to Kribi Coffee with 4 solid years at Dutch Bros Coffee where she served as shift manager. In this role, Abbey trained and mentored baristas and set standards for customer service. Abbey was an integral member of a team that had the responsibility for the opening of 2 new stores. 

At Kribi Coffee, Abbey oversees operations at the Forest Park, IL location as well as the opening of the company's new location in Oak Park, IL.
Alex HaussmannVice President of Business DevelopmentInnovative and persistent business professional with experience driving financial success and exceeding corporate objectives by fostering relationships, developing new business partnerships, identifying market trends, launching products, and developing programs. Cross-functional expertise and proven strengths in: strategic planning and account management. Previous to Kribi Coffee, Alex served in new business development roles at Starbucks and Nestlé
Kirbi Isaac Chief Operating Officer Kirbi is an executive level program and project manager with almost 11 years’ experience in retail management. She is an innovator who has been at the forefront of leadership development and operations management resulting in business growth and method improvement. She is a critical thinker and change agent able to integrate strategy and tactics within the organization and external stakeholders. With expertise in project management, she oversees strategic business initiatives from ideation to implementation. 
Prior to working for Kribi, Kirbi worked as a National Buyer for one of the nation's leading retail grocers, ALDI, Inc. 
Ron LeskiwConsultantRon comes to Kribi Coffee with 45 years of retail and wholesale strategic positioning for major retail customers. His experience in the coffee industry includes management of sales and marketing teams for Folger’s Coffee Brands outside of the grocery sectors. This included the establishment of a service component for the installation, care and maintenance of coffee brewing equipment. Worked with customers to manage the pricing of a volatile commodity by taking contract pricing positions to stabilize costs.
As a serial entrepreneur, he assumed ownership of the ConAgra/Orville Redenbacher popcorn production facility in Valparaiso, IN. His experience includes manufacturing processes for food and beverage standards and certification.
Kyle AbongnwiCoffee Quality Assurance Manager Kyle Abongnwi is an experienced business development specialist with 10 years of experience in the food and beverage industry, with a concentration in specialty coffee. Kyle is currently responsible for managing all aspects of Kribi Coffee Farm Collaborative operations and quality assurance, leading the charge in increasing productivity and improving employee morale. He has also performed in a wide variety of roles including retail/wholesale management and technical training. Kyle is passionate about producing quality coffee that meets world specialty coffee standards.,
Amount Raised : $139,218
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