Fiorella Management Group
Restaurants And Bars
Overview
Raised: $284,410
Total Commitments ($USD)
Platform
SMBX
Start Date
02/07/2024
Close Date
03/26/2024
Min. Goal
$20,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,051
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Fiorella Management Group is raising funds on SMBX. It is a restaurant in San Francisco, California, that serves wood-fired pizza and Italian-inspired dishes. Fiorella Management Group uses high-quality ingredients and seasonal influences to create its food and sources its raw materials locally to deliver flavors, textures, and experiences. Boris Nemchenok and Brandon Gillis founded Fiorella Management Group in January 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $250,000. The campaign proceeds will be used for working capital and tenant improvements to open a new location in Noe Valley, California.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$766,542 |
$357,650 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$4,357 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,246 |
$2,491 |
|
Accounts Receivable |
$66,811 |
$63,867 |
|
Total Assets |
$72,057 |
$63,357 |
|
Short-Term Debt |
$66,700 |
$61,000 |
|
Long-Term Debt |
$500 |
$500 |
|
Total Liabilities |
$67,200 |
$61,500 |
Financials as of: 02/07/2024
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