ACRE
[Closed for Investment] 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
Raised: $32,890
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 09/17/2024
- Close Date
- 11/07/2024
$10,000
$124,000
$10
Debt
Pre-Seed
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
- Monthly Burn
- Profitable
- Cash on Hand
- $92,109
- Gross Margin
- 73%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
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 |