Avenues Cafe

Avenues Cafe

Cafe

Cafe

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Honeycomb

Start Date

12/28/2023

Close Date

04/22/2024

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.25%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/29/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Philadelphia, Pennsylvania

Avenues Cafe is raising funds on Honeycomb. It is a cafe in Philadelphia, Pennsylvania, turning into a farm-to-table establishment. Avenues Cafe is focused on community formation and offers a great spot for people to gather for breakfast and lunch. The cafe has won several awards and received financial grants from organizations like PepsiCo for future growth. Juston Locklear founded Avenues Cafe in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase the farm.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$110,589

$44,726

COGS

$971

$2,311

Tax

$0

$0

 

 

Net Income

$58,717

$7,576

Summary Balance Sheet

FY 2023 FY 2022

Cash

$10,918

$-5,471

Accounts Receivable

$0

$0

Total Assets

$80,994

$6,167

Short-Term Debt

$1,677

$-508

Long-Term Debt

$0

$0

Total Liabilities

$1,677

$-508

Financials as of: 12/28/2023
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Avenues Cafe on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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