The Coffee Class

The Coffee Class

Growth Stage

Elevating the Coffee House Experience

Elevating the Coffee House Experience

Overview

Raised to Date: Raised: $396,366

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/16/2023

Close Date

03/18/2024

Min. Goal
$15,000
Max. Goal
$550,255
Min. Investment

$350

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.85

Pre-Money Valuation

$5,002,448

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

$3,249

# of Investors

146

Momentum
Funded
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Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

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 bakery bistro that brings American comfort food and premium specialty coffee to its customers. The Coffee Class produces consistently great-tasting products and exceptional customer experience with its fresh baked pastries, organic coffee and tea, and delicious all-day options. The business has a loyal customer base at its two locations and has also opened Almond & Oat Coffee House as a second brand. Kyle Cunningham founded The Coffee Class in August 2022. The current crowdfunding campaign has a minimum target of $14,999.80 and a maximum target of $246,353.40. The campaign proceeds will be used for operations, marketing, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,503,402

$998,169

COGS

$1,573,104

$761,083

Tax

$0

$0

 

 

Net Income

$-530,435

$-215,893

Summary Balance Sheet

FY 2022 FY 2021

Cash

$14,762

$161,806

Accounts Receivable

$0

$0

Total Assets

$448,197

$363,267

Short-Term Debt

$534,976

$19,684

Long-Term Debt

$748,855

$519,100

Total Liabilities

$1,283,831

$538,784

Financials as of: 11/16/2023
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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 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,002,448
Price per Share: $1.85

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Follow The Coffee Class on StartEngine 2023

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