Lucky Buns
Taste of the world all in one burger
Overview
Raised: $204,850
Total Commitments ($USD)
Platform
SMBX
Start Date
12/21/2021
Close Date
03/31/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
7.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,069
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Lucky Buns is raising funds on SMBX. The food joint is present at four locations in Washington, DC, and serves delicious burgers. The burgers of Lucky Buns are hand-formed, seasoned to order, and cooked to perfection. Additionally, the pickles, sauces, and spreads are also made in-house in small batches using locally-sourced ingredients. Lucky Buns is ranked among the top burger destinations in Washington, DC, and has received praises from Eater, Thrillist, and more. Alex McCoy and Marc Dosik founded Lucky Buns in September 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for the buildout of a new location on the waterfront across the Wharf in DC.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$466,691 |
$0 |
|
COGS |
$161,030 |
$0 |
|
Tax |
$1,050 |
$0 |
| ||
| ||
|
Net Income |
$-13,380 |
$-223 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,237 |
$-223 |
|
Accounts Receivable |
$231 |
$0 |
|
Total Assets |
$17,663 |
$-223 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/21/2021
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