Foghorn
Restaurants And Bars
Overview
Raised: $75,360
Total Commitments ($USD)
Platform
SMBX
Start Date
03/26/2024
Close Date
04/30/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/26/2024
Days Remaining
3
% of Min. Goal
377%
% of Max. Goal
61%
Likelihood of Max
Avg. Daily Raise
$2,431
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Foghorn is raising funds on SMBX. It is a neighborhood taproom in San Francisco, California that serves craft beer and wine. Foghorn’s offerings also include chicken wings and fried chicken, as well as a warm and friendly ambience. The business plans to open a new location and bring the same quality of food, beer, wine, and comfort to more customers. Ender Markal and David Heft founded Foghorn in March 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for opening the new location and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$1,990,388 |
$1,797,205 |
|
COGS |
$558,069 |
$553,405 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$962 |
$45,677 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$41,391 |
$14,370 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$253,501 |
$225,986 |
|
Short-Term Debt |
$3,667 |
$-6,366 |
|
Long-Term Debt |
$109,072 |
$131,035 |
|
Total Liabilities |
$112,739 |
$124,669 |
Financials as of: 03/26/2024
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.