Mirisata
Restaurants and Bars
Overview
Raised: $114,850
Total Commitments ($USD)
Platform
SMBX
Start Date
06/22/2022
Close Date
07/25/2022
Min. Goal
$40,000
Max. Goal
$75,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,589
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Mirisata is raising funds on SMBX. It is a vegan Sri Lankan restaurant in Portland, Oregon. The restaurant serves vegan Sri Lankan food items, including modern Sri Lankan street foods, traditional village-style rich and curry, fried lentil fritters, kitty roti, and various other specialties. Mirisata has been named one of the top 38 restaurants in Portland and has been listed as one of the 14 Absolute Best Vegetarian Restaurants. Alexander Felsinger, Jesi Bonoan, Tharaka Samarakoon, and Padhma Subashini founded Mirisata in June 2020. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $75,000. The campaign proceeds will be used for leasehold improvements, equipment, debt refinancing, and deferred worker-member wages.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$552,724 |
$123,074 |
|
COGS |
$210,474 |
$49,961 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-5,178 |
$-4,698 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,687 |
$14,055 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$64,359 |
$17,813 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$70,282 |
$20,852 |
|
Total Liabilities |
$70,282 |
$20,852 |
Financials as of: 06/22/2022
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