Big Bear Cafe

Big Bear Cafe

Closed: Jan. 2021

About this raise

Big Bear Cafe, a restaurant in Washington, DC, is raising funds on SMBX. It operates as a coffeehouse, bakery, and wood-oven kitchen out of an old brick Victorian bodega surrounded by grapevines, herb gardens, and flowering trees. It is a perfect setting for a morning cup of coffee, afternoon lunch with friends, or a fire-lit evening dinner. Stuart Davenport founded Big Bear Cafe in 2006. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $100,000, and the funds will be used for general kitchen improvements, public access to pizza oven, new equipment, and working capital. Big Bear Cafe sources its ingredients from the local farms and has grown collaboratively in the past several years.

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Investment Overview

Invested this round: $150,000

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
12/18/2020
Close Date
01/25/2021
Min. Goal
$50,000
Max Goal
$150,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2006
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Washington DC, District of Columbia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
25
Founder Name
Stuart Davenport
Title
Owner

Financials

 Revenue +14% YoY
$1,515,517
 Monthly Burn
Profitable
 Cash on Hand
$67,836
Gross Margin
28%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,515,517

$1,323,661

COGS

$1,086,020

$1,076,858

Tax

$90,304

$31,959

 

 

Net Income

$60,510

$10,391

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$67,836

$53,347

Accounts Receivable

$6,715

$4,263

Total Assets

$171,090

$152,704

Short-Term Debt

$4,353

$13,460

Long-Term Debt

$0

$87,542

Total Liabilities

$4,353

$101,002

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/25/2021 SMBX - $150,000 Debt Funded RegCF
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Big Bear Cafe on SMBX
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Big Bear Cafe may no longer be accepting investments.

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