LoLo’s Boss Pizza

LoLo’s Boss Pizza

Closed: Apr. 2024

About this raise: LoLo’s Boss Pizza is raising funds on SMBX. It is a local pub in Troutdale, Oregon, serving delicious artisan pizza. LoLo’s Boss Pizza sources ingredients and products from close to home and honors the food and wine producers of the area. The business combines traditional recipes with inventive toppings to create its pizza and is known for its crust and Boss Sauce. Leslie Henson founded LoLo’s Boss Pizza in January 2008. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used to open a second location to meet growing demand.

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Investment Overview

Invested this round: $63,970

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
03/14/2024
Close Date
04/23/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2008
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Troutdale, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Leslie Henson
Title
Managing Member

Financials

as of Fiscal Year 2023
 Revenue +8% YoY
$879,570
 Monthly Burn
Profitable
 Cash on Hand
$56,568
Gross Margin
72%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$879,570

$815,765

COGS

$245,056

$231,244

Tax

$0

$0

 

 

Net Income

$77,710

$-6,355

Summary Balance Sheet

FY 2023 FY 2022

Cash

$56,568

$24,824

Accounts Receivable

$0

$0

Total Assets

$169,535

$148,635

Short-Term Debt

$288

$0

Long-Term Debt

$0

$0

Total Liabilities

$288

$0

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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
04/23/2024 SMBX - $63,970 Debt Funded RegCF
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LoLo’s Boss Pizza on SMBX 2024
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, LoLo’s Boss Pizza may no longer be accepting investments.

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