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Security Type
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CAFES
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Categories
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Hospitality, Sustainability, Entertainment, Real Estate, Retail, Community & Lifestyle, Travel, Other
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Min Investment
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$250
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$4.68M
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No. Investors
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68
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Security Price
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$1.94
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Valuation
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$15,000,000
- Number of Employees
- 6
- Cash
- $159,031
- Revenue
- $321,850
- Short Term Debt
- $4,602,475
- Cost of Goods
- $78,100
- Long Term Debt
- $7,587,204
- Net Income
- $-3,927,745
Key Deal Facts
A lifestyle club on 4 solar-electric boats, creating an extraordinary villa
Tier 1 (of 3) membership applications closed; Now taking applications for Tier 2
Location identified; US Coast Guard aware; Vessels going into production this Fall
Stable Projected Margins of $8.50M (yr 1) rising to $9.46M (yr 5) per city (not guaranteed)
Launching in Miami followed by NYC, SF, LA, Paris, Istanbul, Dubai
Investment into parent company benefits from all future locations
Founders from Wall Street (Bear Stearns) & luxury brand management (LVMH)
Management Team / Advisory Board Bios
Sam Payrovi CEO, Co-Founder14-year investment banker turned serial entrepreneur. Graduating from UCLA with dual degrees, in 2001 he joined Bear Stearns’ market-leading mortgage analytics F.A.ST. group., Nathalie Paiva CXO, Co-FounderDrawing on marketing standards from years of in-house work with such global luxury leaders as LVMH, Nathalie has extensive experience developing strategy & communication plans for high-touch, service-oriented brands.
Amount Raised
:
$1,007,103
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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.