Parlay Cafe

Parlay Cafe

Coffee Shop Franchise with Members Only Co-Working Lounge (Social Distancing)

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Security Type
SAFE
Categories
Other
Min Investment
$20
Location
Temecula, California
Offering Date
May 03, 2020
Expected Close Date
August 01, 2020
Target Raise
$50.00K-$1.07M
Deal Notes

20.0% discount

$25K+ pro rata right threshold

Company Description

Parlay Cafe is a haven for people who are stuck between co-working and a coffee shop. With a separate VIP Lounge like you find at the airport – soundproof phone booths, a few small conference rooms - away from the grinders, blenders and screaming kids...

Perks

$250+ Enjoy an ongoing 15% "Investor Discount" valid at any Parlay Cafe location!
$500+ Free One Month "Road Warrior" Membership to Parlay Cafe!
$2,500+ Free One Year "Road Warrior" Membership to Parlay Cafe!
$10,000+ Free Lifetime "Road Warrior" Membership to Parlay Cafe

Key Deal Facts

Proof of Concept launched in Temecula, CA in 2019. Broke-even in 5 months.
Fast Growth Franchise Projected (but not guaranteed) to Open 1,000 in 10 Years or less.
Unique Concept is Positioned to Thrive (but not guaranteed) During Covid-19 Recovery
Founder has Previous Successful Exits resulting in excellent returns for investors.

Use of Proceeds

If $50,000 is raised:

92.5% toward development of our Franchising Program. 7.5% toward Wefunder intermediary fee.

If $1,070,000 is raised:

15% toward development of Franchising Program; 62.5% toward opening four new company owned locations at a cost of $200,000 each; 15% sales and marketing expense. 7.5% toward Wefunder intermediary fee.

Management Team / Advisory Board Bios

Don Mastrangelo - Founder, CEO

Deal Notes

20.0% discount

$25K+ pro rata right threshold

Amount Raised : $75,512
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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