SoFusion Cafe

SoFusion Cafe

American food with Caribbean influences

American food with Caribbean influences

Overview

Raised this Round: Raised: $22,900

Total Commitments ($USD)

Platform

MainVest

Start Date

05/09/2021

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

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

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: 05/09/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SoFusion Cafe 09/12/2021 MainVest - $10,600 Revenue Share Funded RegCF
SoFusion Cafe 06/29/2021 MainVest - $22,900 Revenue Share Funded RegCF
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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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