Carmelitas Tequileria

Carmelita's is 3 generations of authentic Mexican cuisine.

Overview

Raised to Date: Raised: $69,150

Total Commitments ($USD)

Platform

SMBX

Start Date

12/14/2022

Close Date

02/22/2023

Min. Goal

$300,000

Max. Goal

$750,000

Min. Investment

$10

Security Type

Debt

Series

Seed

Funding Type

RegCF

Interest Rate

8.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

20

% of Min. Goal

23%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,383

Momentum
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Location

Aliso Viejo, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

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

Most Recent Year Prior Year

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

Most Recent Year Prior Year

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: 12/14/2022
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Carmelitas Tequileria on SMBX 2022
$
Platform: SMBX
Security Type: Debt

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