SoFusion Cafe

SoFusion Cafe

Closed: Jun. 2021

About this raise

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.

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Investment Overview

Invested this round: $22,900

Deal Terms

Total 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

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Baltimore, Maryland
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No

Financials

 Revenue
$7,669
 Monthly Burn
$2,199
 Runway
0.2 months
Gross Margin
55%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/13/2021 MainVest - $10,600 Revenue Share Funded RegCF
06/30/2021 MainVest - $22,900 Revenue Share Funded RegCF
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Growth Charts

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

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SoFusion Cafe on MainVest
Platform: MainVest
Security Type: Revenue Share

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

SoFusion Cafe Deal Report

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