3 Sisters Garlic

3 Sisters Garlic

Closed: Dec. 2022

About this raise

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.

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Investment Overview

Invested this round: $50,000

Deal Terms

Total Commitments

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    Open SEC Filing

Interest Rate

9.00%

Term Length

3.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Jannifer Di Pasquale
Title
Owner

Financials

 Revenue
$100,594
 Monthly Burn
Profitable
 Cash on Hand
$47,277
Gross Margin
98%

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/12/2022 SMBX - $50,000 Debt Funded RegCF
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Add to portfolio
3 Sisters Garlic on SMBX 2022
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, 3 Sisters Garlic may no longer be accepting investments.

3 Sisters Garlic Deal Report

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