Revive Cafe
Cafe
Overview
Raised: $4,218
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/09/2023
Close Date
12/23/2023
Min. Goal
$45,000
Max. Goal
$90,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Revive Cafe is raising funds on Honeycomb. It is a healthy cafe in Middleburg Heights, Ohio, that serves fresh meals in an enjoyable atmosphere. Revive Cafe’s offerings include specialty coffee beverages, teas, gourmet drip coffees, ice cream, smoothies, a small food menu, and many other local products. The cafe has created a welcoming space for people to get together, exchange ideas, and enjoy their favourite food and beverages. Sarah Deaton founded Revive Cafe in May 2022. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $90,000. The campaign proceeds will be used for refinancing high-interest debt, adding boba tea menu, adding new furniture and decor, building outdoor patio space, constructing a larger kitchen, hiring more staff, and purchasing a liquor license.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$11,505 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,100 |
$0 |
|
Accounts Receivable |
$13,770 |
$0 |
|
Total Assets |
$58,173 |
$0 |
|
Short-Term Debt |
$44,403 |
$0 |
|
Long-Term Debt |
$49,797 |
$0 |
|
Total Liabilities |
$94,200 |
$0 |
Financials as of: 11/09/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Revive Cafe | 12/23/2023 | Honeycomb | - | $4,218 | Debt | Not Funded | RegCF |
No prior online funding rounds.
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