Glow Worm Play Cafe Beechmont

Glow Worm Play Cafe Beechmont

Kids play. Parents relax. Everyone's happy

Kids play. Parents relax. Everyone's happy

Overview

Raised to Date: Raised: $44,300

Total Commitments ($USD)

Platform

MainVest

Start Date

05/21/2023

Close Date

07/21/2023

Min. Goal
$35,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Rev. Share %

8.30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$738

# of Investors

79

Momentum
Funded
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Year Founded

2023

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

LOUISVILLE, Kentucky

Business Type

Life Style

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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