Overview
Raised: $0
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/19/2020
Close Date
06/04/2020
Min. Goal
$20,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/02/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
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
Square Cafe, a cafe in Pittsburgh, PA, is raising funds on Honeycomb Credit. The cafe serves amazing breakfast sandwiches, delicious omelets, pancakes, salads, burgers, and varieties of lattes. Square Cafe offers an ‘at home’ feel to its loyal base of customers and serves its community. The cafe also runs a catering business for house parties, weddings, corporate dinners, and baby/wedding showers. Square Cafe was founded by Sherree Goldstein in 2003. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $107,000, and the funds will be used to email viable during COVID-19. Square Cafe received a Platinum rating with Sustainability Pittsburgh and has partnered with 412 Food Rescue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,263,767 |
$1,317,640 |
|
COGS |
$719,212 |
$767,895 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,129 |
$29,532 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$28,464 |
$16,603 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$339,943 |
$295,614 |
|
Short-Term Debt |
$136,635 |
$97,561 |
|
Long-Term Debt |
$41,253 |
$60,519 |
|
Total Liabilities |
$177,888 |
$158,080 |
Financials as of: 04/19/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Square Cafe | 12/21/2023 | Honeycomb | - | $124,000 | Debt | Funded | RegCF |
| Square Cafe | 06/03/2020 | Honeycomb | - | $0 | Debt | Not Funded | RegCF |
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