Kudo Society

Kudo Society

Coffee Shop

Coffee Shop

Overview

Raised to Date: Raised: $55,800

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/21/2022

Close Date

01/06/2023

Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/30/2023

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

$1,240

# of Investors

53

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Teaneck, New Jersey

Business Type

Life Style

Kudo Society is raising funds on Honeycomb. It is a family-owned cafe in Teaneck, New Jersey, that serves the finest coffees and loose-leaf teas. The business imports its coffees from top importers and ensures superior quality drinks, including its specialty drinks and products. Kudo Society also uses high-technology equipment, including hand drip and auto hand drip coffee systems, barista espresso machines, and nitro cold brew equipment, to make the best drinks possible. Cherie Ryu founded Kudo Society in January 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for outdoor patio expansion, kitchen equipment, marketing and PR, delivery service implementation, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$616,544

$123,327

COGS

$231,642

$33,577

Tax

$0

$0

 

 

Net Income

$23,777

$-50,987

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$31,797

$8,094

Accounts Receivable

$0

$0

Total Assets

$168,259

$128,094

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/21/2022
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Kudo Society on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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