Cups and Claws Cafe
Cat Cafe
Overview
Raised: $2,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/01/2024
Close Date
05/31/2024
Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/16/2024
Days Remaining
14
% of Min. Goal
10%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$173
# of Investors
10
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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