Foghorn

Foghorn

Restaurants And Bars

Restaurants And Bars

Overview

Raised to Date: Raised: $43,470

Total Commitments ($USD)

Platform

SMBX

Start Date

03/26/2024

Close Date

04/29/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

217%

% of Max. Goal

35%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,174

Momentum
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

San Francisco, California

Business Type

Life Style

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
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Foghorn on SMBX 2024
Platform: SMBX
Security Type: Debt

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