Black Cat Market
Cat Cafe
Overview
Raised: $25,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/13/2020
Close Date
01/24/2021
Min. Goal
$15,000
Max. Goal
$25,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$610
# of Investors
64
Momentum
Funded
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Year Founded
2016
Industry
Pet Health, Food, and Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Black Cat Market, a cat cafe in Pennsylvania, is raising funds on Honeycomb. It is a place where people can spend time with adoptable cats and enjoy their tea or coffee. The customers include the ones who already have cats as well as the ones looking to adopt. Olivia Ciotoli and Indigo Baloch founded Black Cat Market in 2018. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $25,000, and the funds will be used towards an espresso machine, coffee bar supplies, refrigerator, decor and additional seating, and rent and utilities for about three months. Black Cat Market has created a loyal customer base and has helped adopt out 230 cats since its inception.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$39,653 |
$13,822 |
|
COGS |
$6,826 |
$2,022 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,943 |
$-2,172 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,617 |
$2,830 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,890 |
$3,193 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/13/2020
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