Aurora Market
Food Market
Overview
Raised: $51,160
Total Commitments ($USD)
Platform
SMBX
Start Date
07/19/2022
Close Date
10/24/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
7.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$527
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Aurora Market is raising funds on SMBX. It is a small business that provides access to healthy food options, daily essentials, organic baked goods, specialty coffee, and delicatessen. The market also serves as the venue to commune and build relationships. Aurora Market has partnered with Fresh Baguette and Lyon Bakery for freshly baked goods, UNIDO, Harare Coffee, and Roastery for coffee, and Boar’s Head for premium meat and cheese. Pablo Ortiz Jr. founded Aurora Market in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for staffing, equipment, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$253,797 |
$0 |
|
COGS |
$174,200 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,567 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,383 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$336,281 |
$0 |
|
Short-Term Debt |
$499,923 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$499,923 |
$0 |
Financials as of: 07/19/2022
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