Fortress Cafe
Coffee Shop
Overview
Raised: $56,500
Total Commitments ($USD)
Platform
MainVest
Start Date
02/08/2024
Close Date
03/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
3.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,153
# of Investors
56
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Fortress Cafe is raising funds on MainVest. It is a coffee shop in Jackson, Michigan. Fortress Cafe brings fresh roasted coffee and healthy food options for people to get together. The cafe’s coffee is currently sourced directly from a farm in Brazil, and it plans to start a farm and grow the food it sells to become farm-to-table. Duncan Bone founded Fortress Cafe in August 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing farm equipment and consolidating loans.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$279,872 |
$166,865 |
|
COGS |
$108,386 |
$66,215 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$29,220 |
$-11,357 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/08/2024
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