Flora Grubb Gardens

Flora Grubb Gardens

Closed: Oct. 2022

About this raise

Flora Grubb Gardens is raising funds on SMBX. The business sells unique plants and garden furnishings. It creates an exquisite environment to inspire plant-lovers with climate-appropriate plants and sells plants originating at its own farms in San Diego County. Flora Grubb Gardens also offers expert guidance in navigating through its selection of plants and sells wholesale plants to designers, landscapers, and retailers. Saul Nadler and Flora Grubb founded Flora Grubb Gardens in January 2003. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for site improvements, hiring, and marketing for the second location.

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Investment Overview

Invested this round: $611,000

Deal Terms

Total Commitments

Platform
SMBX
Start Date
07/28/2022
Close Date
10/20/2022
Min. Goal
$100,000
Max Goal
$500,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.50%

Term Length

7.0 years

Company & Team

Company

Year Founded
2003
Industry
Consumer Products, Goods & Services
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
80
Prior Founder Exits?
No
Founder Name
Saul Nadler
Title
CEO/CFO
Founder Name
Flora Grubb
Title
Creative Director

Financials

 Revenue +20% YoY
$8,245,024
 Monthly Burn
$6,783
 Cash on Hand
$104,681
 Gross Margin
64%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,245,024

$6,881,101

COGS

$2,985,929

$789,316

Tax

$0

$0

 

 

Net Income

$-81,394

$2,085,309

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$104,681

$105,062

Accounts Receivable

$133,310

$88,074

Total Assets

$6,107,562

$5,692,888

Short-Term Debt

$3,632,101

$3,055,282

Long-Term Debt

$205,988

$286,739

Total Liabilities

$3,838,089

$3,342,021

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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
10/20/2022 SMBX - $611,000 Debt Funded RegCF
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Flora Grubb Gardens on SMBX 2022
Platform: SMBX
Security Type: Debt

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