Parlay Cafe

2021's Hottest Franchisor! We Fill the Niche Between Coffee Shop & Co-Working

https://wefunder.com/parlay.cafe

Total raised on Wefunder: 79962

Total investors: 165

Quick facts

  • Our Members Lounge is Designed for Social Distancing with Safe, Luxurious Spaces to Work or Relax
  • A "Haven" Where Remote Workers and Digital Nomads Can Go To Escape the Chaos of the Home Office
  • Three Revenue Streams Include Food & Beverage; Membership & Day Passes; and Conference Room Rental
  • Proof of Concept launched in Temecula, CA in 2019. Broke-even in 5 months.
  • Now Franchising! Aiming to Open 1,000 Locations in 10 Years or less.
  • The Pandemic Will Pass, But Remote Work is Here to Stay with a Huge Anticipated Demand for Parlay Cafe Locations
  • Founder has Previous Successful Exits in Franchising and SAAS with excellent returns for investors.

Team profiles

Featured investor profiles

Parlay Cafe

2021's Hottest Franchisor! We Fill the Niche Between Coffee Shop & Co-Working

Funded badge
Last Funded July 2022

$79,962

raised from 165 investors
Pitch Video
Investor Panel

Investor Panel

Todd interviewed Parlay Cafe on February 12, 2021. Play Video
Todd Folk
Todd Folk
Founder/CEO of AppApp 10+ years in the hospitality industry. Serial Entrepreneur, Tobacconist, & Rum aficionado.
Strengths
says, "This is probably one of the few franchise ideas that gains massive benefits from growing as quickly as possible - the more locations leads to more usage and people wanting to try new spots. I think this targets a rapidly growing need of "new" office space as we shift from offices in general."
Advice
says, "To me, the power of this comes into really providing a LARGE variety of options in an area vs having a few over a few states - how do you guide that along while being a franchise model? Showcasing how you want to target growth I think will lead to stronger adoption of people overall."

What Investors Say

LEAD INVESTOR
Invested $5,000 this round
The time is right to invest in this type of business, with Covid and people working remotely, Parlay Cafe is the answer. The concept combines multiple streams of income to insure profitability. Starbucks is not a conducive environment to meet with clients and/or profession to reflect the level of confidence needed. Most shared-workspace offerings are very large operations located in industrial or office buildings and "feel" like an office. Parlay Cafe outlets are located in malls and neighborhood retail centers and "feel" like an airport lounge with an upscale coffee shop. In a typical metro area a competitor may open one 15,000 - 60,000 sf outlet, where Parlay Cafe would strategically open multiple 2,500 sf outlets in the same market. We are the alternative to the local coffee shop for those who are willing to pay a premium for a better experience. A member can drop in to any location at any time, similar to a chain gym membership.
What People Say