Carmelitas Tequileria
Carmelita's is 3 generations of authentic Mexican cuisine.
Overview
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
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
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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