The Coffee Class

Growth Stage
Elevating the Coffee House Experience
Overview
Raised: $359,855
Rolling Commitments ($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
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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