El Tamarindo
Growth Stage
RESTAURANTS AND BARS
Analytics
Raised: $101,940
Aggregate Commitments $
Platform
SMBX
Start Date
10/11/2021
Close Date
01/11/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Funded
Reporting Date
01/31/2022
Days Remaining
Funded
% of Min. Goal
204%
% of Max. Goal
41%
Likelihood of Max
Funded
Avg. Daily Raise
$1,108
Momentum
Funded
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Location
WASHINGTON, District of Columbia
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
El Tamarindo is raising funds on SMBX. It is a restaurant that offers El Salvadorian cuisine to the people of Washington, DC. The restaurant has been the longest-standing Mexican-Salvadorian restaurant in the area and believes in giving back to the community. It also offers its outer walls to local artists to create colorful murals. Jose Reyes founded El Tamarindo in October 1987. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for building an outer patio, kitchen expansion, working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,297,797 |
$1,538,385 |
|
COGS |
$463,889 |
$437,036 |
|
Tax |
$31,217 |
$2,300 |
| ||
| ||
|
Net Income |
$-200,055 |
$95,132 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$107,741 |
$33,329 |
|
Accounts Receivable |
$0 |
$5,621 |
|
Total Assets |
$255,155 |
$394,611 |
|
Short-Term Debt |
$304,187 |
$7,750 |
|
Long-Term Debt |
$75,460 |
$75,460 |
|
Total Liabilities |
$379,647 |
$83,210 |
Financials as of: 10/11/2021
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