Cafe Flore
Coffee Shop
Overview
Raised: $6,050
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/18/2023
Close Date
10/02/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
6
% of Min. Goal
12%
% of Max. Goal
5%
Likelihood of Max
Avg. Daily Raise
$155
# of Investors
12
Momentum
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Cafe Flore is raising funds on Honeycomb. It is a full-service cafe in Mount Lebanon, Pennsylvania. Cafe Flore features locally-roasted coffee and homemade artisan pastries for a wide range of customers in an attractive and comfortable setting. The cafe’s specialties include European-style coffee, a farm-to-table menu, and other high-end beverages. Bailey Grabowski founded Cafe Flore in April 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for the buildout of new space, marketing, supplies, rent, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$6,175 |
$8,877 |
|
COGS |
$1,541 |
$1,396 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,676 |
$-10,721 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,000 |
$1,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,104 |
$1,152 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$22,459 |
$11,655 |
|
Total Liabilities |
$22,459 |
$11,655 |
Financials as of: 08/18/2023
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