Arepa Zone
Growth Stage
Restaurants and Bars
Analytics
Raised: $31,880
Aggregate Commitments $
Platform
SMBX
Start Date
06/30/2022
Close Date
10/04/2022
Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment
$10
Security Type
Debt
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Active
Reporting Date
08/18/2022
Days Remaining
47
% of Min. Goal
32%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$651
Momentum
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Location
Fairfax, Virginia
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Arepa Zone is raising funds on SMBX. The food business has created a hub for local Venezuelans in Washington, DC. It serves authentic Venezuelan food, including arepas, cachapas, and tequenos. Arepa Zone has a loyal customer base and has won several awards, like Best Latin American Restaurant, Food Truck of the Year, and Breakthrough Dish. Ali Arellano and Gabriela Febres founded Arepa Zone in October 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for construction and equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,577,433 |
$1,939,293 |
|
COGS |
$1,118,355 |
$714,319 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$862,146 |
$-159,258 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$93,200 |
$287,386 |
|
Accounts Receivable |
$5,872 |
$5,124 |
|
Total Assets |
$2,019,145 |
$1,395,320 |
|
Short-Term Debt |
$465,055 |
$343,541 |
|
Long-Term Debt |
$865,688 |
$1,065,626 |
|
Total Liabilities |
$1,330,743 |
$1,409,167 |
Financials as of: 06/30/2022
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