CheeseButta

CheeseButta

SAUCE MANUFACTURING

SAUCE MANUFACTURING

Overview

Raised this Round: Raised: $104,760

Total Commitments ($USD)

Platform

SMBX

Start Date

06/22/2022

Close Date

08/23/2022

Min. Goal
$42,800
Max. Goal
$214,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

8.00%

Term Length

5.0 years

Year Founded

2013

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Vancouver, Washington

Business Type

Life Style

CheeseButta is raising funds on SMBX. The company makes a one-of-its-kind melting spread. The spread is made by blending four flavorful kinds of cheese with aromatically seasoned butter. The restaurant serves its unique and famous cheese bread coated with the delicious CheeseButta. The product line includes the original, habanero, pepperoni, roasted garlic, and smoked bacon flavors. CheeseButta products are relished by home chefs, foodies, recipe-creators, and high-end snackers across the country. Michael Paul founded CheeseButta in 2013. The current crowdfunding campaign has a minimum target of $42,800 and a maximum target of $214,000. The campaign proceeds will be used for hiring staff, marketing, and equipment.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$158,058

$68,353

COGS

$56,973

$2,970

Tax

$0

$0

 

 

Net Income

$22,058

$39,698

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$30,346

$25,605

Accounts Receivable

$-850

$-1,000

Total Assets

$55,192

$30,719

Short-Term Debt

$45,551

$16,851

Long-Term Debt

$43,640

$26,387

Total Liabilities

$89,191

$43,238

Financials as of: 06/22/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
CheeseButta 08/22/2022 SMBX - $104,760 Debt Funded RegCF
CheeseButta 01/10/2022 SMBX - $35,360 Debt Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
CheeseButta on SMBX 2022
Platform: SMBX
Security Type: Debt

Follow company

Follow CheeseButta on SMBX 2022

Buy CheeseButta's Deal Report

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

CheeseButta Deal Report

Get KingsCrowd’s comprehensive report on CheeseButta including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether CheeseButta is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the CheeseButta deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge