Jule’s Foods
Specialty vegan cheese products
Overview
Raised: $202,460
Total Commitments ($USD)
Platform
SMBX
Start Date
02/17/2021
Close Date
04/16/2021
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$3,552
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Carlsbad, California
Jule’s Foods, a vegan cheese company, is raising crowdfunding on SMBX. The company makes cashew-based brie which is creamy, delicious, dairy-free, animal cruelty-free, and environment friendly. The artisanal cheeses of Jule’s Foods are aged for two weeks to perfection, hand-wrapped, and sent to consumers. Julie Van Dam and Stephen Janke founded Jule’s Foods in 2018. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $200,000, will be used to increase production, buy new equipment, and get new packaging. Jule’s Foods products are sold to over 50 retailers and restaurants and are liked by chefs and consumers alike.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$69,528 |
$3,844 |
|
COGS |
$34,953 |
$3,526 |
|
Tax |
$2,029 |
$2,337 |
| ||
| ||
|
Net Income |
$-55,272 |
$-15,452 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,934 |
$5,999 |
|
Accounts Receivable |
$7,523 |
$1,003 |
|
Total Assets |
$17,458 |
$7,003 |
|
Short-Term Debt |
$5,164 |
$1,347 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,164 |
$1,347 |
Financials as of: 02/17/2021
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