Sol Cinema Cafe

Neutral
BETA

COFFEE SHOP & CINEMA

Analytics

Raised to Date: $22,100

Aggregate Commitments $
Platform

MainVest

Start Date

04/21/2020

Close Date

09/15/2020

Min. Goal

$30,000

Max. Goal

$70,000

Min. Investment

$1,000

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Pre-Seed

Weekly Commitments $
Status
Not Funded
Reporting Date

09/16/2020

Days Remaining
Not Funded
% of Min. Goal

74%

% of Max. Goal

32%

Likelihood of Max
Not Funded
Avg. Daily Raise

$150

# of Investors

76

Momentum
Not Funded
Location

New York, NY

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Sol Cinema Cafe, a coffee shop and cinema in New York, NY, is raising funds on MainVest. It is a unique venue that functions as a coffee shop by the day and a media-rich cinema by night. The visitors can watch films at the Harlem location of Sol Cinema Cafe and enjoy coffee, tea, beer, wine, and food, combined with the experience of virtual reality and wireless headphones. Sol Cinema Cafe was founded by Moikgantsi Kgama and Gregory Gates in March 2019. The current round of crowdfunding has a minimum goal of $30,000 and a maximum goal of $70,000, and the proceeds will be used to complete renovations to the cafe and raise operating capital. Sol Cinema Cafe is offering a new concept in cinema entertainment and is catering to unmet demand. The cinema/cafe has projected sales of over $610,000 in the first year and $over $680,000 in the second year of operations.

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