Looking Glass Coffee

Looking Glass Coffee

Coffee Shop

Coffee Shop

Overview

Raised to Date: Raised: $9,550

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    Open SEC Filing

Interest Rate

11.75%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/23/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$217

# of Investors

20

Momentum
Not Funded
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Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Snohomish, Washington

Business Type

Life Style

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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Looking Glass Coffee on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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