Fiorella Management Group

Fiorella Management Group

Closed: Mar. 2024

About this raise

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.

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Investment Overview

Invested this round: $284,410

Deal Terms

Total Commitments

Platform
SMBX
Start Date
02/08/2024
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    Open SEC Filing

Interest Rate

10.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
San Francisco, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Brandon Gillis
Title
Member
Founder Name
Boris Nemchenok
Title
Managing Member

Financials

as of Fiscal Year 2022
 Revenue +114% YoY
$766,542
 Monthly Burn
Profitable
 Cash on Hand
$5,246

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/26/2024 SMBX - $284,410 Debt Funded RegCF
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Fiorella Management Group on SMBX 2024
Platform: SMBX
Security Type: Debt

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