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Security Type
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CAFES
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Categories
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Retail, Entertainment, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 08, 2022
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Target Raise
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$50.00K
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No. Investors
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10
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Security Price
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$1
Company Description
Cheeterz Club offers a unique line of fresh styles that use top of the line materials, at surprisingly affordable price points. All of our frames are handcrafted using 100% acetate and spring hinges for an all-day wear. We fit them with CR39 lenses for the best visual quality with 100% UVA/UVB protection. Want more? Our lenses are also oliophobic and hydrophobic, which is a fancy way of saying: you can still enjoy perfect vision after you finish a greasy cheeseburger, in the rain!
Perks
1000 - Free pair of Blue Light glasses or sunglasses.
10000 - Free Pair of Blue Light AND Sunglasses
25000 - 3 pack of glasses and name a frame (next line)
50000 - 5 pack of glasses and help us name our next line of available frames
100000 - Work with our head of product to design a frame for our next launch
Key Deal Facts
Affordable readers starting at $34.00 designed by veteran eyewear expert & former Head of Product at Warby Parker
Projected AOV $51.84 (Upgrades on lenses) and 50% margins Over 300 organic customers with a 10% repeat purchase.
Featured in TechCrunch, Yahoo! Finance, MarketWatch, Modern Professional
Over 20 years of experience in media, sales, & tech including CNN, Conde Nast, & Uber. U of Georgia alum
Hand-made frames with 100% acetate (plant-based material) & spring hinges for a comfortable fit.
CR39 lenses have the least distortion of any non-glass lens. (Abbe Value of 58. Warby Parker readers measure 30)
All styles are scratch-proof, anti-reflective hydrophobic, oleophobic. Blue light lenses are available on all frames.
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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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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.
