3 Sisters Garlic

3 Sisters Garlic

Vegetable Farming

Vegetable Farming

Overview

Raised this Round: Raised: $50,000

Total Commitments ($USD)

Platform

SMBX

Start Date

11/10/2022

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    Open SEC Filing

Interest Rate

9.00%

Term Length

3.0 years

Year Founded

2020

Industry

Farming & Agriculture

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Lockport, New York

Business Type

Growth

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: 11/10/2022
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3 Sisters Garlic on SMBX 2022
Platform: SMBX
Security Type: Debt

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