Kingdom Dim Sum

Kingdom Dim Sum

Restaurant

Restaurant

Overview

Raised this Round: Raised: $12,770

Total Commitments ($USD)

Platform

SMBX

Start Date

06/20/2024

Close Date

08/06/2024

Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Life Style

Kingdom Dim Sum is raising funds on SMBX. It is a restaurant in Los Angeles, California that offers traditional Cantonese dim sum in a family-friendly atmosphere. Kingdom Dim Sum offers a tribute to the generations of culinary mastery of the owners and each dish is made with labor of love. The restaurant has a loyal customer base and aims to reach more customers in the city. Laurence Mo, Eric Lao, and Lewis Lam founded Kingdom Dim Sum in January 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used for remodeling, marketing, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$573,256

$0

COGS

$156,400

$0

Tax

$0

$0

 

 

Net Income

$1,096

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$34,513

$0

Accounts Receivable

$0

$0

Total Assets

$162,000

$0

Short-Term Debt

$16,857

$0

Long-Term Debt

$-37,682

$0

Total Liabilities

$-20,825

$0

Financials as of: 06/20/2024
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Kingdom Dim Sum on SMBX 2024
Platform: SMBX
Security Type: Debt

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