Square Cafe

Square Cafe

Restaurant

Restaurant

Overview

Raised this Round: Raised: $124,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/22/2023

Close Date

12/22/2023

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.00%

Term Length

3.0 years

Year Founded

1969

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,880,819

$2,391,571

COGS

$569,089

$742,146

Tax

$0

$0

 

 

Net Income

$354,669

$591,769

Summary Balance Sheet

FY 2022 FY 2021

Cash

$156,207

$78,540

Accounts Receivable

$0

$0

Total Assets

$1,808,372

$1,154,136

Short-Term Debt

$67,160

$81,507

Long-Term Debt

$1,097,494

$597,678

Total Liabilities

$1,164,654

$679,185

Financials as of: 11/22/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Square Cafe 12/21/2023 Honeycomb - $124,000 Debt Funded RegCF
Square Cafe 06/03/2020 Honeycomb - $0 Debt Not 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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Square Cafe on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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