Golden Hour

Golden Hour

[Closed for Investment] Golden Hour is raising funds on SMBX. It is a restaurant and bar in Austin, Texas, known for its European-style food and wine. Golden Hour offers a cafe environment in the day with specialty coffee and breakfast burritos and transitions into a wine bar by the evening. The business has a loyal customer base and is known for its 100% natural wine list, craft beers, wine-based cocktails, and special food. Barclay Stratton and Evan Dunivan founded Golden Hour in November 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used for debt consolidation, marketing, and operations.

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Investment Overview

Raised this Round: Raised: $31,070

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
05/07/2024
Close Date
05/28/2024
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

2.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Austin, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Barclay Stratton
Title
Chef/Co-Owner
Founder Name
Evan Dunivan
Title
Beverage Director/Co-Owner
Founder Name
Laura Hayes
Title
Co-Owner

Financials

as of Fiscal Year 2023
 Revenue +881% YoY
$739,865
 Monthly Burn
$7,291
 Runway
2.4 months
Gross Margin
53%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$739,865

$75,386

COGS

$349,521

$80,310

Tax

$0

$0

 

 

Net Income

$-87,487

$-140,627

Summary Balance Sheet

FY 2023 FY 2022

Cash

$17,392

$19,120

Accounts Receivable

$0

$0

Total Assets

$29,998

$19,120

Short-Term Debt

$23,025

$8,497

Long-Term Debt

$0

$0

Total Liabilities

$23,025

$8,497

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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
05/28/2024 SMBX - $31,070 Debt Funded RegCF
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Golden Hour on SMBX 2024
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Golden Hour may no longer be accepting investments.

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