Carmelitas Tequileria

Carmelitas Tequileria

Carmelita's is 3 generations of authentic Mexican cuisine.

Carmelita's is 3 generations of authentic Mexican cuisine.

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

SMBX

Start Date

12/13/2022

Close Date

02/20/2023

Min. Goal
$300,000
Max. Goal
$750,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

02/25/2023

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2008

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Aliso Viejo, California

Business Type

Life Style

Carmelitas Tequileria, is raising funds on SMBX. It is a restaurant in Laguna Beach, California, that serves authentic Mexican cuisine. They make tortillas fresh in house and the Chef meets with local growers & vendors to make sure they have the freshest & most organic ingredients. Using traditional cocina techniques, the kitchen prepares the menu from scratch daily. Carmelita's was originally founded by Alberto & Carmen "Carmelita" Heredia in 1962. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $750,000. The campaign proceeds will be used for remodeling and debt refinancing.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$3,513,539

$2,387,404

COGS

$957,281

$624,603

Tax

$0

$0

 

 

Net Income

$1,072,510

$77,677

Summary Balance Sheet

FY 2021 FY 2020

Cash

$24,207

$29,504

Accounts Receivable

$0

$0

Total Assets

$3,227,765

$2,500,776

Short-Term Debt

$429,504

$317,052

Long-Term Debt

$530,764

$969,251

Total Liabilities

$960,268

$1,286,303

Financials as of: 12/13/2022
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Carmelitas Tequileria on SMBX 2022
Platform: SMBX
Security Type: Debt

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