La Perla
RESTAURANTS AND BARS
Overview
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
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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