Sol Cinema Cafe
About this raise
Sol Cinema Cafe, a coffee shop and cinema in New York, NY, is raising funds on MainVest. It is a unique venue that functions as a coffee shop by the day and a media-rich cinema by night. The visitors can watch films at the Harlem location of Sol Cinema Cafe and enjoy coffee, tea, beer, wine, and food, combined with the experience of virtual reality and wireless headphones. Sol Cinema Cafe was founded by Moikgantsi Kgama and Gregory Gates in March 2019. The current round of crowdfunding has a minimum goal of $30,000 and a maximum goal of $70,000, and the proceeds will be used to complete renovations to the cafe and raise operating capital. Sol Cinema Cafe is offering a new concept in cinema entertainment and is catering to unmet demand. The cinema/cafe has projected sales of over $610,000 in the first year and $over $680,000 in the second year of operations.
Investment Overview
Not Funded: $22,100
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 04/21/2020
- Close Date
- 09/15/2020
$30,000
$70,000
$1,000
Revenue Share
RegCF
1.55X
Company & Team
Company
- Year Founded
- 1969
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/15/2020 | MainVest | - | $22,100 | Revenue Share | Not Funded | RegCF |