ACRE
About this raise
ACRE is raising funds on SMBX. It is an all-day cafe in Oakland, California that serves rustic American food. ACRE has a fully-stocked bar and a lively dining room and is known as the place where people relax and enjoy the spirit of hospitality. The simple dishes at ACRE are honest and heartfelt and made using local and fresh ingredients inspired by the seasons. Dirk Tolsma and Pete Sittnick founded ACRE in April 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for cafe expansion and working capital.
Investment Overview
Invested : $32,890
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 09/17/2024
- Close Date
- 11/07/2024
$10,000
$124,000
$10
Debt
Monthly
RegCF
10.00%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
-
$4,104,841
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$92,109
as of FY2023
- Gross Margin
-
73%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 11/07/2024 | SMBX | - | $32,890 | Debt | Funded | RegCF |