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Security Type
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CAFES
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Categories
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Other, Food & Beverage, Retail, Restaurant
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Min Investment
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$500
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$250.00K
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Security Price
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$1
- Number of Employees
- 32
- Cash
- $719,728
- Revenue
- $1,805,490
- Short Term Debt
- $0
- Cost of Goods
- $963,386
- Long Term Debt
- $0
- Net Income
- $-379,692
Key Deal Facts
Proven track record with over $5m in revenue to date
Over 120,000 unique customers across LA and nation-wide
Diversified business with local retail and national e-commerce
Fast growth rate and poised for expansion with team and talent to scale nationally
Cult following as the "it" pie shop in LA
Featured in EaterLA, Forbes, E! News and others
Management Team / Advisory Board Bios
Brianna Abrams CEOGave up a lucrative law career to open an all-dessert pie shop in the high-end Brentwood neighborhood. What started as a side hustle has grown into 4 stores (soon to be 5), and national shipping. She is the pie-maker to the who's who of LA., Daniel Abrams Vice PresidentInvestor, operator and startup advisor
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.