Arepa Zone

Growth Stage

Restaurants and Bars

Analytics

Raised to Date: 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
unlikely
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

Business Type

Life Style

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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Arepa Zone on SMBX 2022
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Platform: SMBX
Security Type: Debt

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