Parlay Cafe
Coffee Shop Franchise with Members Only Co-Working Lounge (Social Distancing)
Analytics
Raised: $0
Aggregate Commitments $
Platform
Wefunder
Start Date
10/01/2021
Close Date
02/16/2022
Min. Goal
$50,000
Max. Goal
$4,900,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Valuation Cap
$3,500,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
10/17/2021
Days Remaining
122
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Temecula, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Parlay Cafe, with a valuation of $3.5 million, is raising funds on Wefunder. The cafe caters to people who work from home and offers them a coworking space along with their special coffee. The cafe will serve as the place for people to occasionally work, meet clients, and conduct interviews. Parlay Cafe launched its proof of concept in Temecula, CA, in 2019 and broke even in five months. Don Mastrangelo founded Parlay Cafe in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4,900,000. The campaign proceeds will be used for marketing, franchise recruiting campaigns, and attending regional and national franchise shows.
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