Chaia
RESTAURANTS AND BARS
Overview
Raised: $25,000
Total Commitments ($USD)
Platform
SMBX
Start Date
09/20/2021
Close Date
11/09/2021
Min. Goal
$5,000
Max. Goal
$25,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$500
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Chaia is raising funds on SMBX. It is an unconventional taco shop that makes delicious tacos almost entirely from vegetables. The business started at farmers’ markets and has grown to two brick-and-mortar locations. The restaurant offers six vegetable taco creations made using vegetables grown by local farmers. Chaia plans to open its third location in Bethesda, Maryland. Bettina Stern founded Chaia in November 2014. The current crowdfunding campaign has a minimum target of $5,000 and a maximum target of $25,000. The campaign proceeds will be used for marketing and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,147,991 |
$2,210,024 |
|
COGS |
$380,801 |
$791,972 |
|
Tax |
$97,092 |
$146,505 |
| ||
| ||
|
Net Income |
$228,453 |
$-512,720 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$293,464 |
$13,945 |
|
Accounts Receivable |
$80,307 |
$13,757 |
|
Total Assets |
$1,692,455 |
$1,383,092 |
|
Short-Term Debt |
$284,666 |
$1,497,107 |
|
Long-Term Debt |
$1,179,337 |
$625,550 |
|
Total Liabilities |
$1,464,003 |
$2,122,657 |
Financials as of: 09/20/2021
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