Hippos & Hashbrowns
Bakeries
Overview
Raised: $29,610
Total Commitments ($USD)
Platform
SMBX
Start Date
06/23/2023
Close Date
07/26/2023
Min. Goal
$20,000
Max. Goal
$60,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$897
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
DALLAS, Texas
Hippos & Hashbrowns is raising funds on SMBX. It is a bakery in Dallas, Texas, that makes nourishing food from scratch. The offerings of Hippos & Hashbrowns include whole-grain crisps, granola, sourdough waffles, and a variety of biscuits. The business is especially known for its crips in flavors like rosemary-raisin, cinnamon-oat, and garlic-onion-sesame seeds. Sandra Daniels founded Hippos & Hashbrowns in September 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $60,000. The campaign proceeds will be used for refinancing debt and upgrading the HVAC.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$109,115 |
$85,896 |
|
COGS |
$24,561 |
$24,130 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$27,460 |
$12,071 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$75,660 |
$3,869 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$83,251 |
$6,368 |
|
Short-Term Debt |
$7,453 |
$14,400 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,453 |
$14,400 |
Financials as of: 06/23/2023
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