Stowe Street Cafe

Stowe Street Cafe

Coffee Shop

Coffee Shop

Overview

Raised to Date: Raised: $75,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/03/2024

Close Date

03/29/2024

Min. Goal
$35,000
Max. Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,885

# of Investors

68

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Waterbury Center, Vermont

Business Type

Life Style

Stowe Street Cafe is raising funds on Honeycomb. It is a cafe in Waterbury, Vermont, that serves coffee, food, and art to the locals. Stowe Street Cafe offers great breakfast and lunch options, including burritos, sandwiches, English muffins, quiche, baked goods, soups, salads, and beverages, along with its take-and-bake meals for dinner. The cafe has been nominated several times for local awards for the Best Breakfast sandwich and was recognized by Governor Phil Scott’s Rays of Kindness program in January 2024. Nicole Grenier founded Stowe Street Cafe in June 2015. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $75,000. The campaign proceeds will be used for adding a day of business, hiring a line cook, and food costs associated with the increase in business days.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$326,862

$17,203

COGS

$129,149

$10,973

Tax

$0

$0

 

 

Net Income

$-45,549

$-26,497

Summary Balance Sheet

FY 2023 FY 2022

Cash

$16,120

$4,979

Accounts Receivable

$0

$0

Total Assets

$43,974

$20,617

Short-Term Debt

$19,594

$124,281

Long-Term Debt

$65,670

$29,457

Total Liabilities

$85,264

$153,738

Financials as of: 03/03/2024
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Stowe Street Cafe on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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