Aurora Market
Food Market
Overview
Raised: $91,660
Total Commitments ($USD)
Platform
SMBX
Start Date
10/20/2023
Close Date
12/04/2023
Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.75%
Term Length
4.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
1
% of Min. Goal
458%
% of Max. Goal
92%
Likelihood of Max
Avg. Daily Raise
$2,083
Momentum
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Year Founded
2023
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. Aurora market also serves as the venue for local artists, friends, and families to commune and build relationships and serves products based on the dietary needs and recommendations of the people. The 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 $20,000 and a maximum target of $100,000. The campaign proceeds will be used to open a third location, hire staff, and purchase equipment and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$62,850 |
$273,797 |
|
COGS |
$0 |
$174,200 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$62,850 |
$-16,567 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$21,803 |
$3,383 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,091,168 |
$336,281 |
|
Short-Term Debt |
$89,860 |
$156,000 |
|
Long-Term Debt |
$1,309,318 |
$343,923 |
|
Total Liabilities |
$1,399,178 |
$499,923 |
Financials as of: 10/20/2023
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