Marin Backyards
Sporting Goods Retailers
Overview
Raised: $41,460
Total Commitments ($USD)
Platform
SMBX
Start Date
01/29/2024
Close Date
03/05/2024
Min. Goal
$10,000
Max. Goal
$55,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,185
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Marin Backyards is raising funds on SMBX. The company sells safe and innovative play products that inspire children to explore and thrive. Marin Backyards specializes in high-end sporting equipment, playground products, backyard sheds, sports courts, and outdoor living products and also hosts events and workshops to connect families. The company’s website carries exclusive industry-leading brands and ships products all across the country. Osmani Vicente founded Marin Backyards in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $55,000. The campaign proceeds will be used to purchase inventory in bulk and increase margins and profitability.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$650,602 |
$88,410 |
|
COGS |
$353,652 |
$34,134 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,355 |
$3,785 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$103,957 |
$12,780 |
|
Accounts Receivable |
$2,099 |
$124 |
|
Total Assets |
$166,862 |
$34,548 |
|
Short-Term Debt |
$92,988 |
$22,406 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$92,988 |
$22,406 |
Financials as of: 01/29/2024
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