Overview
Raised: $10,600
Total Commitments ($USD)
Platform
MainVest
Start Date
07/13/2021
Close Date
09/13/2021
Min. Goal
$10,000
Max. Goal
$15,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$174
# of Investors
40
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
Margin
Medium
Capital Intensity
Low
SoFusion Cafe, an American and Caribbean food restaurant in Baltimore, MD, is raising funds on MainVest. The restaurant sources 80% of its ingredients locally and offers delicious and high-quality food at an affordable price. It works on the 4-Point Feeling Impact Model related to feeling pleasure, comfort, first-class, and inspired. Denise Butts founded SoFusion Cafe in April 2020. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $15,000, and the funds will be used to purchase a new trailer for catering. SoFusion Cafe specializes in exceptionally good and tasty food along with 21st-century amenities, including sports viewing, entertainment, music, and wifi.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,669 |
$0 |
|
COGS |
$3,467 |
$0 |
|
Tax |
$653 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$398 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$17,450 |
$0 |
|
Short-Term Debt |
$1,550 |
$0 |
|
Long-Term Debt |
$9,300 |
$0 |
|
Total Liabilities |
$10,850 |
$0 |
Financials as of: 07/13/2021
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