Flora Grubb Gardens
Garden Nursery
Overview
Raised: $611,000
Total Commitments ($USD)
Platform
SMBX
Start Date
07/28/2022
Close Date
10/20/2022
Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
7.50%
Term Length
7.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,274
Momentum
Funded
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Year Founded
2003
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 07/28/2022
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