Marin Backyards

Marin Backyards

Closed: Mar. 2024

About this raise

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.

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Investment Overview

Invested this round: $41,460

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
01/30/2024
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    Open SEC Filing

Interest Rate

11.25%

Term Length

2.0 years

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Larkspur, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Osmani Vicente
Title
Managing Member

Financials

as of Fiscal Year 2022
 Revenue +636% YoY
$650,602
 Monthly Burn
$446
 Cash on Hand
$103,957
Gross Margin
46%

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

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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
03/05/2024 SMBX - $41,460 Debt Funded RegCF
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Marin Backyards on SMBX 2024
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Marin Backyards may no longer be accepting investments.

Marin Backyards Deal Report

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