Cenote

Cenote

Coffee Shop

Coffee Shop

Overview

Raised this Round: Raised: $30,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/05/2024

Close Date

09/07/2024

Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Austin, Texas

Business Type

Life Style

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,689,123

$1,723,279

COGS

$627,244

$709,536

Tax

$0

$0

 

 

Net Income

$-108,674

$132,938

Summary Balance Sheet

FY 2023 FY 2022

Cash

$55,412

$489,676

Accounts Receivable

$0

$0

Total Assets

$320,607

$748,306

Short-Term Debt

$-10,173

$27,314

Long-Term Debt

$150,000

$150,000

Total Liabilities

$139,827

$177,314

Financials as of: 08/05/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Cenote 09/07/2024 Honeycomb - $30,000 Debt Funded RegCF

No prior online funding rounds.

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Cenote on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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