Glow Worm Play Cafe Beechmont

Kids play. Parents relax. Everyone's happy

Overview

Raised to Date: Raised: $19,600

Total Commitments ($USD)

Platform

MainVest

Start Date

05/22/2023

Close Date

07/21/2023

Min. Goal
$90,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Rolling Commitments ($USD)

Status

Active

Reporting Date

06/03/2023

Days Remaining

48

% of Min. Goal

22%

% of Max. Goal

16%

Likelihood of Max
possible
Avg. Daily Raise

$1,633

# of Investors

29

Momentum
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Year Founded

2023

Industry

Tech Sector

Location

LOUISVILLE, Kentucky

Glow Worm Play Cafe is raising funds on Mainvest to open their second location in the Beechmont neighborhood. The business runs an indoor play area, a cafe, a bakery, community classes, and events. The play cafe provides a safe, clean, and fun environment for kids under the age of six while their caregivers can connect and work in the lounge area. The community classes and events of Glow Worm Play Cafe are open to everyone and are welcoming and inclusive. Their new rental space includes an existing Airbnb which is expected to completely cover their rent as well as over 25% of their monthly expenses. They have a revenue increase of over 35% from 2022 and returns are over 50% of their customer base. Kathryn Read founded Glow Worm Play Cafe in 2023. The current crowdfunding campaign has a minimum target of $90,000 and a maximum target of $124,000. The campaign proceeds will be used for fabrication of play equipment, coffee bar, and seating as well as payroll, architect fees, and cafe equipment.
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Glow Worm Play Cafe Beechmont on Mainvest 2023
Platform: MainVest
Security Type: Revenue Share

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