Bad Walter's
Specialty Snack Bar
Overview
Raised: $139,140
Total Commitments ($USD)
Platform
SMBX
Start Date
06/27/2023
Close Date
07/27/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,638
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
SAN FRANCISCO, California
Bad Walter’s is raising funds on SMBX. The ice cream business makes maximalist and one-of-a-kind ice cream in San Francisco, California. Bad Walter’s uses lactose-free dairy to make its ice creams, churning out delightful and nostalgic flavors, including MF Monster, Sucker Punch, Campfire, and Cracked Up. Sydney Arkin founded Bad Walter’s in December 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for the buildout of the first location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$142,472 |
$26,903 |
|
COGS |
$40,256 |
$10,081 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$35,442 |
$9,089 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$46,941 |
$26,663 |
|
Accounts Receivable |
$734 |
$0 |
|
Total Assets |
$63,113 |
$36,647 |
|
Short-Term Debt |
$4,710 |
$8,543 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$4,710 |
$8,543 |
Financials as of: 06/27/2023
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