Cafe Mas

Cafe Mas

Closed: Mar. 2024

About this raise

Cafe Mas is raising funds on Honeycomb. It is a plant-based cafe in Chicago, Illinois, that features a diverse vegan menu. Cafe Mas is influenced by modern Mexican culture in Mexico City and also works with a talented Mexican artist who travels to Chicago to create beautiful murals and artwork. The restaurant serves sandwiches, pastries, and specialty coffee drinks and creates an atmosphere for everyone to enjoy. Paloma Pina and Juan Ramirez founded Cafe Mas in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $110,000. The campaign proceeds will be used for furniture, equipment, supplies, patio furniture, an espresso machine, art and decor, operations, training, liquor licensing, uniforms, and marketing.

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Investment Overview

Invested this round: $48,325

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
01/26/2024
Close Date
03/31/2024
Min. Goal
$25,000
Max Goal
$110,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Juan Lisandro Ramirez
Title
Chef Owner
Founder Name
Paloma Pina
Title
Owner & Operations

Financials

as of Fiscal Year 2022
 Revenue +99% YoY
$1,612,977
 Monthly Burn
$4,597
 Cash on Hand
$32,258
Gross Margin
98%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,612,977

$808,732

COGS

$30,368

$31,130

Tax

$0

$0

 

 

Net Income

$-55,159

$128,121

Summary Balance Sheet

FY 2022 FY 2021

Cash

$32,258

$0

Accounts Receivable

$0

$0

Total Assets

$315,885

$12,172

Short-Term Debt

$0

$0

Long-Term Debt

$141,058

$150,000

Total Liabilities

$141,058

$150,000

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/31/2024 Honeycomb - $48,325 Debt Funded RegCF
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Cafe Mas on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Cafe Mas may no longer be accepting investments.

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