Overview
Raised: $111,336
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/17/2023
Close Date
02/14/2024
Min. Goal
$15,000
Max. Goal
$246,353
Min. Investment
$350
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.85
Pre-Money Valuation
$5,002,448
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/08/2023
Days Remaining
68
% of Min. Goal
742%
% of Max. Goal
45%
Likelihood of Max
Avg. Daily Raise
$5,302
# of Investors
30
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Henderson, Nevada
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: 11/17/2023
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