The Coffee Class

Growth Stage

Elevating the Coffee House Experience

Overview

Raised to Date: Raised: $359,855

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/17/2022

Close Date

03/13/2023

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$5,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/26/2023

Days Remaining
Funded
% of Min. Goal

3,599%

% of Max. Goal

34%

Likelihood of Max
Funded
Avg. Daily Raise

$2,448

# of Investors

236

Momentum
Funded
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Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Henderson, Nevada

Business Type

Life Style

The Coffee Class, with a valuation of $5 million, is raising funds on StartEngine. It is a coffee bistro in Las Vegas, Nevada, specializing in specialty coffee, handcrafted lattes, savory dishes, and scratch-made pastries. The business combines high-quality ingredients, creative recipes, and excellent service for an exceptional experience. The Coffee Class has a loyal community of coffee lovers and reported a 20% year-over-year revenue growth in 2022. Kyle Cunningham founded The Coffee Class in August 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to secure a space and start construction on its fourth location.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,003,056

$460,437

COGS

$473,816

$225,073

Tax

$0

$0

 

 

Net Income

$-197,241

$-119,078

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$161,805

$2,225

Accounts Receivable

$0

$0

Total Assets

$451,766

$195,535

Short-Term Debt

$157,964

$174,677

Long-Term Debt

$568,734

$123,853

Total Liabilities

$726,698

$298,530

Financials as of: 10/17/2022
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The Coffee Class on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000

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