Denizens Cafe
Cafe
Overview
Raised: $71,200
Total Commitments ($USD)
Platform
MainVest
Start Date
06/13/2023
Close Date
06/23/2023
Min. Goal
$40,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
4.10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,911
# of Investors
99
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Denizens Cafe is raising funds on MainVest. It is an upcoming cafe in Portland, Oregon that will offer quality food, coffee, and a gathering space for the community. The owners started the business as coffee roasters with a home delivery service; however, they aim to expand and strengthen the community now with their new cafe. James Helms founded Denizens Cafe in May 2017. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment, assuming the lease, and minor buildout.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$208,087 |
$118,764 |
|
COGS |
$76,683 |
$44,455 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$15,793 |
$18,063 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$33,303 |
$15,784 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,191 |
$41,624 |
|
Short-Term Debt |
$4,018 |
$3,177 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$4,018 |
$3,177 |
Financials as of: 06/13/2023
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