Chubby Cattle
Restaurants And Bars
Overview
Raised: $22,450
Total Commitments ($USD)
Platform
SMBX
Start Date
11/29/2023
Close Date
01/04/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
8.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$641
Momentum
Funded
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Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Chubby Cattle is raising funds on SMBX. It is an Asian fusion hotpot dining restaurant in Las Vegas, Nevada. Chubby Cattle’s dining concept is centered around traditional Chinese hotpot and includes a temperature-controlled conveyor belt that lets customers hand-select their favorite ingredients, including thinly-sliced meats, fresh seafood, an assortment of vegetables, and handmade noodles. Haibin Yang and David Zhao founded Chubby Cattle in July 2015. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, branding, hiring, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,952,555 |
$2,432,448 |
|
COGS |
$767,447 |
$739,569 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$886,552 |
$1,027,529 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$151,133 |
$146,439 |
|
Accounts Receivable |
$34,826 |
$46,234 |
|
Total Assets |
$746,692 |
$762,946 |
|
Short-Term Debt |
$207,642 |
$253,095 |
|
Long-Term Debt |
$150,000 |
$150,000 |
|
Total Liabilities |
$357,642 |
$403,095 |
Financials as of: 11/29/2023
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