Keep It Frank
Online Retail
Overview
Raised: $29,270
Total Commitments ($USD)
Platform
SMBX
Start Date
08/30/2023
Close Date
10/04/2023
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.25%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
4
% of Min. Goal
293%
% of Max. Goal
59%
Likelihood of Max
Avg. Daily Raise
$944
Momentum
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Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Location
Lakeland, Florida
Keep It Frank is raising funds on SMBX. The company sells a variety of snacks online through its direct relations with vendors. Keep It Frank sells about 60 brands through its website and has been recognised by major corporations like Amazon and inventory management software company, Veeqo. Dillon Millsap founded Keep It Frank in May 2022. 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 purchasing inventory and shipping supplies to meet the growing demand.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$838,853 |
$606,499 |
|
COGS |
$560,983 |
$320,084 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-102,874 |
$-38,342 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$54,602 |
$36,127 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$155,510 |
$69,872 |
|
Short-Term Debt |
$322,287 |
$84,816 |
|
Long-Term Debt |
$0 |
$26,195 |
|
Total Liabilities |
$322,287 |
$111,011 |
Financials as of: 08/30/2023
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