Callahan carried up to $700k in debt in his mid-20s
McCabe Callahan · EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan · Apr 1, 2017 · at 5:33
McCabe Callahan details the financial leverage and high-interest debt he took on to expand Mugs Coffee Lounge locations.
0:00 / 0:08exact quote · 8.4s
720p mp4 · rendered on demand · StarZero watermark
“At 24, 25 years old, I was probably sitting on 650 to 700,000 dollars in debt and not making very much money at all.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from McCabe Callahan
Callahan: Coffee and alcohol are two recession-proof businesses
“Coffee, alcohol, man. Those are the two recession proof businesses.”
Callahan: Community Funded projects $1.2M in 2017 revenue
“Right now we're projecting 1.2 million dollars in revenue this year.”
Community Funded facilitated $2.5M across 460 crowdfunding projects in 2016
“2016 for, you know, just over about 460 projects, we ended up raising about two and a half million dollars.”