Mirisata

Mirisata

Restaurants and Bars

Restaurants and Bars

Overview

Raised this Round: 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    Open SEC Filing

Interest Rate

8.00%

Term Length

3.0 years

Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Portland, Oregon

Business Type

Life Style

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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Mirisata on SMBX 2022
Platform: SMBX
Security Type: Debt

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