Overview
Raised: $104,760
Total Commitments ($USD)
Platform
SMBX
Start Date
06/22/2022
Close Date
08/22/2022
Min. Goal
$42,800
Max. Goal
$214,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,717
Momentum
Funded
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Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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
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