La Perla

RESTAURANTS AND BARS

Overview

Raised to Date: Raised: $99,880

Total Commitments ($USD)

Platform

SMBX

Start Date

04/20/2021

Close Date

06/09/2021

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$10

Security Type

Debt

Series

Seed

Funding Type

RegCF

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/30/2021

Days Remaining
Funded
% of Min. Goal

400%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$1,998

Momentum
Funded
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Location

Oakland, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

La Perla, a restaurant and bar in Oakland, CA, is raising funds on SMBX. The restaurant offers Puerto Rican food with generous portions and warm hospitality. It started as a small operation inside a convenience store and now plans to move to a larger space. The offerings include arroz con gandules, empanadillas, pernil, and mofongo. Gabriel Ortiz founded La Perla in 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The raise proceeds will target equipment upgrades and working capital. La Perla has cooked and served meals for vulnerable families during the pandemic and stayed afloat as they waited to open the new location.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$348,553

$418,676

COGS

$205,261

$252,091

Tax

$1,360

$0

 

 

Net Income

$1,845

$50,137

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$27,749

$6,505

Accounts Receivable

$7,791

$0

Total Assets

$104,628

$10,454

Short-Term Debt

$3,015

$4,499

Long-Term Debt

$120,857

$0

Total Liabilities

$123,872

$4,499

Financials as of: 04/20/2021
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La Perla on SMBX
$
Platform: SMBX
Security Type: Debt

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