Looking Glass Coffee
Coffee Shop
Overview
Raised: $3,550
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/08/2024
Close Date
05/23/2024
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/28/2024
Days Remaining
24
% of Min. Goal
7%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$178
# of Investors
9
Momentum
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Looking Glass Coffee is raising funds on Honeycomb. It is a coffee shop and community gathering space in Snohomish, Washington. Looking Glass Coffee also functions as a pub, live event venue, and gift shop and is a popular hub for the community. The business serves espresso, chai drinks, hot chocolate, tea, Italian soda, wine, craft beer, hard cider, cocktails, sandwiches, salads, soups, and desserts made using high-quality ingredients. Laura Page founded Looking Glass Coffee in July 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for refinancing high-interest debt and capital improvements.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$829,071 |
$856,563 |
|
COGS |
$308,397 |
$327,954 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$16,655 |
$-161,199 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$17,439 |
$23,235 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$196,544 |
$197,211 |
|
Short-Term Debt |
$388,271 |
$383,506 |
|
Long-Term Debt |
$507,451 |
$411,498 |
|
Total Liabilities |
$895,722 |
$795,004 |
Financials as of: 04/08/2024
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