About this raise
Square Cafe is raising funds on Honeycomb. It is a staple breakfast and lunch spot in Pittsburgh, Pennsylvania. Square Cafe offers a seasonal menu, including vegan, vegetarian, gluten-free food and is known for its passion for the culinary craft, connection to the community, and maintaining a cooperative environment. The cafe also collaborates with local nonprofits for special events, fundraisers, and promotions and serves as a gallery to showcase the work of local artists. Sherree Goldstein founded Square Cafe in May 2003. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for a new dining room, bar, furniture, kitchen equipment, and construction in the kitchen.
Investment Overview
Invested : $124,000
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 11/23/2023
- Close Date
- 12/22/2023
$60,000
$124,000
$100
Debt
Pre-Seed
RegCF
10.00%
3.0 years
Company & Team
Company
- Year Founded
- 1969
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue -21.4% YoY
- $1,880,819
- Monthly Burn
- Profitable
- Cash on Hand
- $156,207
- Gross Margin
- 70%
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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 |
|---|---|---|---|---|---|---|
| 12/22/2023 | Honeycomb | - | $124,000 | Debt | Funded | RegCF |
| 06/04/2020 | Honeycomb | - | $0 | Debt | Not Funded | RegCF |