Kudo Society
Coffee Shop
Overview
Raised: $55,800
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/22/2022
Close Date
01/06/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
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
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: 11/22/2022
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