SoFusion Cafe

Early Stage

American food with Caribbean influences

Analytics

Raised to Date: Raised: $22,900

Aggregate Commitments $

Platform

MainVest

Start Date

05/10/2021

Close Date

06/30/2021

Min. Goal

$10,000

Max. Goal

$30,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Seed

Rolling Commitments $

Status
Funded
Reporting Date

07/04/2021

Days Remaining
Funded
% of Min. Goal

229%

% of Max. Goal

76%

Likelihood of Max
Funded
Avg. Daily Raise

$449

Momentum
Funded
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Location

Baltimore, Maryland

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

SoFusion Cafe, an American and Caribbean food restaurant in Baltimore, MD, is raising funds on MainVest. The restaurant sources 80% of its ingredients locally and offers delicious and high-quality food at an affordable price. It works on the 4-Point Feeling Impact Model related to feeling pleasure, comfort, first-class, and inspired. Denise Butts founded SoFusion Cafe in April 2020. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $30,000, and the funds will be used to hire staff, help with day-to-day operations, and expand inventory. SoFusion Cafe specializes in exceptionally good and tasty food along with 21st-century amenities, including sports viewing, entertainment, music, and wifi.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,669

$0

COGS

$3,467

$0

Tax

$653

$0

 

 

Net Income

$-26,386

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$398

$0

Accounts Receivable

$0

$0

Total Assets

$17,450

$0

Short-Term Debt

$15,550

$0

Long-Term Debt

$9,300

$0

Total Liabilities

$24,850

$0

Financials as of: 05/10/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SoFusion Cafe 09/13/2021 MainVest $0 $10,600 Revenue Share Note Funded RegCF
SoFusion Cafe 06/30/2021 MainVest $0 $22,900 Revenue Share Note Funded RegCF
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SoFusion Cafe on MainVest
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Platform: MainVest
Security Type: Revenue Share Note
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