Sol Cinema Cafe
COFFEE SHOP & CINEMA
Overview
Raised: $22,100
Total Commitments ($USD)
Platform
MainVest
Start Date
04/20/2020
Close Date
09/15/2020
Min. Goal
$30,000
Max. Goal
$70,000
Min. Investment
$1,000
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.55X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/15/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$150
# of Investors
76
Momentum
Not Funded
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Year Founded
1969
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/20/2020
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