3 Sisters Garlic
Vegetable Farming
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
SMBX
Start Date
11/11/2022
Close Date
12/12/2022
Min. Goal
$15,000
Max. Goal
$50,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
9.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,613
Momentum
Funded
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Year Founded
2020
Industry
Farming & Agriculture
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
3 Sisters Garlic is raising funds on SMBX. The company grows and sells farm fresh garlic locally grown on the Di Pasquale Family Farm in Cambria, New York. The farm is spread across five acres of lush garlic-loving soil in Niagara County and is known for its sustainable growing practices and attention to detail. 3 Sisters Garlic also sells infused olive oils, balsamic vinegar, specialty pasta, and dipping oils. Jennifer Di Pasquale founded 3 Sisters Garlic in December 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $50,000. The campaign proceeds will be used for equipment, leasehold improvements, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$100,594 |
$32,237 |
|
COGS |
$1,728 |
$2,646 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$11,788 |
$1,959 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$47,277 |
$7,967 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$58,607 |
$17,063 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$10,677 |
$0 |
|
Total Liabilities |
$10,677 |
$0 |
Financials as of: 11/11/2022
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