Mr. Momo

Mr. Momo

Food Trucks

Food Trucks

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

SMBX

Start Date

08/25/2022

Close Date

10/24/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.00%

Term Length

5.0 years

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Gilbert, Arizona

Business Type

Life Style

Mr. Momo is raising funds on SMBX. The business serves traditional Nepali dumplings spiced with ginger, turmeric, and warm flavorings. The momos of Mr. Momo are filled with meats, organic vegetables, herbs, and spices and are made using high-quality ingredients. Mr. Momo sells its momos through a food truck in Phoenix, Arizona, and has been designated as an approved supplier of the Super Bowl LVII Business Connect program. Subash Yadav founded Mr. Momo in January 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 to acquire a second food truck, update branding and marketing, and obtain new production equipment.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$104,076

$68,731

COGS

$5,641

$23,757

Tax

$0

$0

 

 

Net Income

$60,293

$9,171

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45,307

$10,050

Accounts Receivable

$0

$0

Total Assets

$100,583

$39,356

Short-Term Debt

$28,033

$27,099

Long-Term Debt

$0

$0

Total Liabilities

$28,033

$27,099

Financials as of: 08/25/2022
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Mr. Momo on SMBX 2022
Platform: SMBX
Security Type: Debt

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