Kudo Society

Early Stage

Coffee Shop

Analytics

Raised to Date: Raised: $35,900

Aggregate 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

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

37

% of Min. Goal

144%

% of Max. Goal

29%

Likelihood of Max
extremely
Avg. Daily Raise

$4,488

# of Investors

37

Momentum
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Location

Teaneck, New Jersey

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

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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Kudo Society on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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