The Italian Cafe
Real Estate
Overview
Raised: $0
Total Commitments ($USD)
Platform
CrowdSource Funded
Start Date
09/29/2022
Close Date
01/31/2023
Min. Goal
$500,000
Max. Goal
$5,000,000
Min. Investment
$2,000
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
10.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2014
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
The Italian Cafe is raising funds on CrowdSource Funded. It is a real estate investment company that focuses on the acquisition and management of properties suitable for bars and restaurants. The properties are then leased to experienced restaurant and bar operators that will offer food, spirits, and video gaming to the general public in Illinois. Christy Jepson founded The Italian Cafe in July 2014. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5 million. The campaign proceeds will be used to expand operations and acquire more properties.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$16,180 |
$16,896 |
|
COGS |
$11,042 |
$9,081 |
|
Tax |
$116 |
$116 |
| ||
| ||
|
Net Income |
$5,022 |
$7,699 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$101,600 |
$25 |
|
Accounts Receivable |
$220,356 |
$218,452 |
|
Total Assets |
$321,956 |
$218,437 |
|
Short-Term Debt |
$116 |
$116 |
|
Long-Term Debt |
$99,807 |
$98,810 |
|
Total Liabilities |
$99,923 |
$98,926 |
Financials as of: 09/29/2022
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