Revive Cafe

Revive Cafe

Closed: Dec. 2023

About this raise

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.

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Investment Overview

Not Funded: $4,218

Deal Terms

Total Commitments

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

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Middleburg Heights, Ohio
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Sarah Deaton
Title
Owner

Financials

 Revenue
$0
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$1,100
as of FY2022
View Detailed Financials Expand

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
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/23/2023 Honeycomb - $4,218 Debt Not Funded RegCF
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Add to portfolio
Revive Cafe on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Revive Cafe may no longer be accepting investments.

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