Atelier Restaurant

Atelier Restaurant

Open  for investment

About this raise

Atelier Restaurant is raising funds on SMBX. It is a restaurant in Chicago, Illinois, that offers a 12- to 14-course menu with dishes rotating weekly. Atelier Restaurant sources many of its ingredients from small Midwest farms and is influenced by flavors across the globe to create exciting food. The restaurant has already received one Michelin star and was lauded as the 2nd Best New Restaurant and one of the 50 Best in the city in 2024 by Chicago Magazine. Tim Lacey founded Atelier Restaurant in May 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for working capital for restaurant relocation and debt refinancing.

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Investment Overview

Committed this round: $74,000

Deal Terms

Total Commitments

Platform
SMBX
Start Date
03/06/2025
Close Date
04/10/2025
Min. Goal
$10,000
Max Goal
$500,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

5.0 years

Company & Team

Company

Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Tim Lacey
Title
Owner

Financials

as of Fiscal Year 2024
 Revenue +87% YoY
$1,561,266
 Monthly Burn
$1,208
 Runway
0.5 months
Gross Margin
84%

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$1,561,266

$833,747

COGS

$248,762

$123,542

Tax

$0

$0

 

 

Net Income

$-14,492

$-127,585

Summary Balance Sheet

FY 2024 FY 2023

Cash

$626

$1,404

Accounts Receivable

$1,766

$0

Total Assets

$242,166

$211,497

Short-Term Debt

$218,179

$150,072

Long-Term Debt

$91,568

$84,058

Total Liabilities

$309,747

$234,130

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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
04/10/2025 SMBX - $74,000 Debt Active RegCF
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Atelier Restaurant on SMBX 2025
Platform: SMBX
Security Type: Debt

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