The Coffee Class

The Coffee Class

Growth Stage

Elevating the Coffee House Experience

Elevating the Coffee House Experience

Overview

Raised to Date: Raised: $359,855

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/16/2022

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

03/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
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

Company Website

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: 10/16/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The Coffee Class 03/17/2024 StartEngine $5,002,448 $396,366 Equity - Common Funded RegCF
The Coffee Class 03/12/2023 StartEngine $5,000,000 $359,855 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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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The Coffee Class on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $2.00

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