Arepa Zone

Arepa Zone

Restaurants and Bars

Restaurants and Bars

Overview

Raised this Round: Raised: $115,250

Total Commitments ($USD)

Platform

SMBX

Start Date

06/29/2022

Close Date

10/20/2022

Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.50%

Term Length

7.0 years

Year Founded

2013

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Fairfax, Virginia

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: 06/29/2022
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Arepa Zone on SMBX 2022
Platform: SMBX
Security Type: Debt

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