LoLo’s Boss Pizza
Restaurants And Bars
Overview
Raised: $63,970
Total Commitments ($USD)
Platform
SMBX
Start Date
03/13/2024
Close Date
04/23/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,599
Momentum
Funded
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Year Founded
2008
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 03/13/2024
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