Le Garage
[Closed for Investment] Le Garage is raising funds on SMBX. It is an industrial-chic bistro in Sausalito, California. Le Garage offers a stunning waterfront view and classic French dishes to its customers and is passionate about fine food, wines, and impeccable service. The restaurant has been loved by the local community for the past 16 years, and aims to upgrade and improve the restaurant. Bruno Denis and Gloria An founded Le Garage in May 2009. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $124,000. The campaign proceeds will be used to renovate the kitchen and bar and fund the working capital.
Investment Overview
Raised: $131,760
Deal Terms
Total Commitments ($USD)
- Platform
- SMBX
- Start Date
- 10/07/2024
- Close Date
- 11/19/2024
$10,000
$124,000
$10
Debt
Pre-Seed
RegCF
11.25%
3.0 years
Company & Team
Company
- Year Founded
- 2009
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -4.7% YoY
- $2,485,446
- Monthly Burn
- Profitable
- Cash on Hand
- $76,130
- Gross Margin
- 71%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/19/2024 | SMBX | - | $131,760 | Debt | Funded | RegCF |