Cass Café — Investor Summary
☰ Index 02 of 15 Investor Summary ← Index Next →
Private Placement · Founding Round · Cass Café, Inc.
Cass Café
Thirty years of history. A building that belongs to Detroit. An opportunity to be part of what comes next.
Minimum Investment
$10,000
400 shares at $25/share · Founding Round
Phase 1 Raise
$300,000
$25/share · $1.2M valuation · Founding Round
Phase 2 Raise
$300,000
$35/share · Opens December 2026
Public Opening
Nov 6, 2026
Monday–Friday · 7 AM–7 PM · 4620 Cass Ave
The Opportunity

Cass Café opened in 1993 and ran for nearly thirty years as one of the most important gathering places in Detroit — artists, musicians, activists, and the quietly brilliant finding each other over lentil soup and cheap beer, in front of real exhibitions on the walls. Not decoration. Art that people came specifically to see.

It closed in July 2022. The Chalfonte Foundation is bringing it back — same address, same name, same spirit — as a fully operating restaurant, gallery, performance space, and community institution. November 6, 2026 is opening day.

The Structure

Cass Café, Inc. is the operating company — restaurant, bar, juice bar, and food and beverage for all events. Open to the public Monday through Friday, 7 AM to 7 PM. Led by Aaron Timlin, President & COO, with extensive restaurant management experience.

The Chalfonte Foundation — a Michigan 501(c)(3) — owns the building and holds Common Stock with majority voting control. Investors receive Preferred Stock in Cass Café, Inc. — senior to the Foundation in any distribution or liquidation event. The $25/share Founding Round price is consistent with the $1,200,000 valuation established by Shareholder Resolution across 48,000 outstanding shares, and above the $24.14/share price at which the Foundation previously acquired its Common Stock. Modeled on the Kresge Court at the DIA.

Two Ways to Invest
Path A — Direct Purchase
Buy Shares Now
  • $10,000 minimum · 400 shares at $25
  • Preferred Stock shareholder immediately
  • Senior to Foundation in any liquidation
  • One shared board seat across all Preferred shareholders
  • No dividends for first five years
Path B — Convertible Note
Invest Now · Convert Later
  • $10,000 minimum · note at 3.5–4.5% compound interest
  • Interest reinvested annually — not paid out
  • Creditor status until conversion — senior to all shareholders in dissolution
  • Annual conversion window at each year-end, once trigger is met
  • Conversion trigger: 3 consecutive years of positive net income
$25
Per Share · Round 1
$35
Per Share · Round 2
$1.2M
Company Valuation
The share price is set to increase each round as the business moves from pre-opening to operating. Founding Round investors own equity at the lowest price this offering will carry.
Who This Is For
This is a private placement — offered directly to individuals through personal relationship and invitation, not publicly advertised. It is suited for anyone who believes in Detroit's cultural life and wants to be part of Cass Café's return, while making a sound investment in a proven concept with thirty years of community history behind it. Groups of investors may pool resources through a Michigan LLC or similar entity to meet the $10,000 minimum — the entity becomes the single investor of record. A full Private Placement Memorandum is available through Howard & Howard, Attorneys at Law, who serve as legal counsel to Cass Café, Inc.
The Team

Aaron Timlin — Chair & CEO, Cass Café, Inc. President, Chalfonte Foundation. Founder, detroit contemporary (1998). Founder, Cass Café Cultural Center. Interim Director, PuppetART.

Aaron Timlin — President & COO, Cass Café, Inc. Restaurant operations and food & beverage management.

Marianne Audrey Burrows — Menu & Recipe Development Consultant.

Marianne Audrey Burrows — Kitchen Manager.

The Building

4620 Cass Avenue — the same address where Cass Café has operated since 1993. Two galleries (Westside and Eastside), a performance stage, a full bar, a juice bar, a kitchen, a PuppetART performance program, and a Village Radio Detroit broadcast studio.

Purchased by the Chalfonte Foundation via land contract. Property tax exemption applied for based on multi-organization charitable use. Full liquor license, certificate of occupancy, 300-person standing capacity.