Cups and Claws Cafe

Cups and Claws Cafe

Cat Cafe

Cat Cafe

Overview

Raised to Date: Raised: $2,750

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/01/2024

Close Date

05/31/2024

Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/17/2024

Days Remaining

13

% of Min. Goal

11%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$172

# of Investors

11

Momentum
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Newport News, Virginia

Business Type

Life Style

Cups and Claws Cafe is raising funds on Honeycomb. It is a cat lounge business in Newport News, Virginia that serves the community in multiple ways. Cups and Claws Cafe operates as a foster home for 20-35 adoptable cats in collaboration with local rescues and shelters, while it also allows people to enjoy beverages and pre-packaged bakery goods while interacting with these cats. The business has garnered immense media recognition and has been featured in over eight newspapers. Philip Zettel and Kimberly Zettel founded Cups and Claws Cafe in December 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $60,000. The campaign proceeds will be used for equipment, materials, and relocation costs to their own space.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$173,517

$67,513

COGS

$27,204

$9,254

Tax

$0

$0

 

 

Net Income

$-21,431

$-36,028

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,657

$5,778

Accounts Receivable

$0

$0

Total Assets

$27,184

$18,664

Short-Term Debt

$54,872

$45,341

Long-Term Debt

$-2,000

$0

Total Liabilities

$52,872

$45,341

Financials as of: 05/01/2024
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Cups and Claws Cafe on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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