Kudo Society

Kudo Society

Closed: Jan. 2023

About this raise

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.

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Investment Overview

Invested this round: $55,800

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
11/22/2022
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Cherie Ryu
Title
CEO

Financials

 Revenue +53% YoY
$616,544
 Monthly Burn
Profitable
 Cash on Hand
$31,797
 Gross Margin
62%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/06/2023 Honeycomb - $55,800 Debt Funded RegCF
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Add to portfolio
Kudo Society on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Kudo Society may no longer be accepting investments.

Kudo Society Deal Report

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