Parlay Cafe

Parlay Cafe

Early Stage

Coffee Shop Franchise with Members Only Co-Working Lounge (Social Distancing)

Coffee Shop Franchise with Members Only Co-Working Lounge (Social Distancing)

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/30/2021

Close Date

06/30/2022

Min. Goal
$50,000
Max. Goal
$4,900,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$3,000,000

Valuation Cap

$3,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

06/30/2022

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

$0

Momentum
Not Funded
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Temecula, California

Business Type

Life Style

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-152,500

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$2,200,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Parlay Cafe 06/29/2022 Wefunder $3,500,000 $0 SAFE Not Funded RegCF
Parlay Cafe 04/08/2021 Wefunder $3,500,000 $81,262 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Parlay Cafe on Wefunder 2021
Platform: Wefunder
Security Type: SAFE
Valuation: $3,500,000

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