Parlay Cafe
2021's Hottest Franchisor! We Fill the Niche Between Coffee Shop & Co-Working
Last Funded July 2022
$79,962
raised from 166 investors
Pitch Video
Investor Panel
Investor Panel
Todd interviewed Parlay Cafe on February 12, 2021.
Play Video
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
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.
I consider myself to be a man of vision, which means if I believe it I can achieve it backing it up with action and faith!
It's the future
Great idea and would love to see it grow into my hometown here in Austin! Remote work will only continue to increase and grow as companies realize distributed teams not only cut significant costs, but also allow for employees to be so much more productive without office distractions.
Once Covid-19 hit I actually had an idea for something like this but assumed somebody else was already working on it and I was right!
I invested in Parlay Cafe for two main reasons. The business is set up for strong growth in the next 5 years and their coffee-work oriented model is something people want more than ever.
Great idea great concept! I’d hang out/work there immediately!
I’m interested in new opportunities also involves seeing things I would like To use become a reality.
Because I like coffee and I believe that this is a good investment. Especially since people will want to limit the people around there space their in now
I decided to invest because I believe in the founder and his vision. Brilliant concept!
Georgetown and Stanford educated corporate attorney
over 18 years exp, including serving as GC for 3 NASDAQ technology companies.
Let's go!!!
Love the concept.
Into renewable energies & founder of Angel Powwow.
Hobbies:
SCUBA Diving
Sailing
Drones (droning?)
Skiing
Aviation
Angel investing
I believe Parlay Cafe fills a real need.
Looks like a great communal workspace franchise!
I love this concept and I see it as the wave of the future!