Cafe Mas

Cafe Mas

Vegan

Vegan

Overview

Raised this Round: Raised: $48,325

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/25/2024

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

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

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.

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

Financials as of: 01/25/2024
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Cafe Mas on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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