Big Bear DC

Big Bear DC

Closed: Apr. 2024

About this raise

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.

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Investment Overview

Invested this round: $365,800

Deal Terms

Total Commitments

Platform
SMBX
Start Date
01/05/2024
Close Date
04/04/2024
Min. Goal
$20,000
Max Goal
$400,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

5.0 years

Company & Team

Company

Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Washington, District of Columbia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
28
Prior Founder Exits?
No
Founder Name
Stuart Davenport
Title
Owner

Financials

 Revenue -14.6% YoY
$71,736
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$62,545
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/04/2024 SMBX - $365,800 Debt Funded RegCF
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Big Bear DC on SMBX 2024
Platform: SMBX
Security Type: Debt

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

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