Citizens

One of the fastest growing specialty cafe & lifestyle brands

Analytics

Raised to Date: $1,238,856

Aggregate Commitments $
Platform

Republic

Start Date

02/09/2021

Close Date

04/15/2021

Min. Goal

$25,000

Max. Goal

$1,238,856

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$12,000,000

Discount Rate

20%

Rolling Commitments $
Status
Funded
Reporting Date

04/21/2021

Days Remaining
Funded
% of Min. Goal

4,955%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$17,449

# of Investors

1,513

Momentum
Funded
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Location

New York, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

Citizens, with a $12 million valuation cap, is raising funds on Republic. The company has developed an Australian cafe that combines a specialty coffee shop, cafe, and lifestyle brand in one. It focuses on seasonal and fresh menus, fresh Aussie coffee, and modern architectural store design. Justin Giuffrida and Andrew Geisel founded Citizens in December 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for national expansion across nine US markets, building a coffee roasting facility, and launching wholesale coffee distribution. Citizens has generated lifetime revenue of over $10 million. It has launched four profitable locations and corporate headquarters in less than four years.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,141,603

$2,201,700

COGS

$2,688,295

$1,259,629

Tax

$0

$0

 

 

Net Income

$419,818

$284,462

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$69,447

$95,922

Accounts Receivable

$26,878

$0

Total Assets

$1,050,117

$557,901

Short-Term Debt

$350,114

$167,133

Long-Term Debt

$176,653

$1,198

Total Liabilities

$526,767

$168,331

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