Cenote
About this raise
Cenote is raising funds on Honeycomb. It is a neighborhood patio cafe in East Austin, Texas, known for its diverse menu and ambiance. Cenote offers an array of brunch and lunch options, complemented by espresso drinks, fine teas, and a curated list of beers and wines. The business provides a warm and inviting atmosphere and won an award from the Heritage Society for preserving its current building, which was built in 1892. Mary Jenkins founded Cenote in March 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for patio landscaping and construction at the new location, interior improvements, and purchasing a refurbished espresso machine.
Investment Overview
Invested $30,000 :
Deal Terms
Company & Team
Company
- Year Founded
- 2012
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -2% YoY
- $1,689,123
- Monthly Burn
- $9,056
- Cash on Hand
- $55,412
- Gross Margin
- 63%
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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 |
---|---|---|---|---|---|---|
09/07/2024 | Honeycomb | - | $30,000 | Debt | Funded | RegCF |