Big Bear DC
Restaurants And Bars
Overview
Raised: $365,800
Total Commitments ($USD)
Platform
SMBX
Start Date
01/04/2024
Close Date
04/04/2024
Min. Goal
$20,000
Max. Goal
$400,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,064
Momentum
Funded
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Big Bear DC is raising funds on SMBX. The company has developed a farmers’ market and garden support community in Washington, DC. Big Bear DC works with local farmers and organizations to create the growers-only Bloomingdale Farmers Market and developed a team of bakers, chefs, and program managers. The business currently has a full in-house bakery, a cocktail and wine bar, an events program, and an ingredient-driven kitchen. Stuart Davenport founded Big Bear DC in July 2023. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $300,000. The campaign proceeds will be used for business expansion, construction costs, and equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$71,736 |
$84,040 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$69,765 |
$76,337 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$62,545 |
$42,525 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$62,545 |
$42,525 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/04/2024
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