My French Cuisine
Food And Catering Services
Overview
Raised: $23,300
Total Commitments ($USD)
Platform
SMBX
Start Date
11/08/2023
Close Date
12/07/2023
Min. Goal
$10,000
Max. Goal
$35,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$832
Momentum
Funded
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Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
My French Cuisine is raising funds on SMBX. It is an authentic French catering business for companies and individuals in San Francisco, California. My French Cuisine serves exquisite European dishes, including Spanish Paella, Italian Risotto, and French Ratatouille, in infinitely reusable jars for people to enjoy the meals on the go. The business merges European cuisine, modern convenience, and sustainability and matches the eco-conscious lifestyle of its customers. Fleur Anderson founded My French Cuisine in March 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $35,000. The campaign proceeds will be used for working capital to open a new location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$131,630 |
$40,785 |
|
COGS |
$30,345 |
$17,612 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-9,186 |
$-38,205 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$26,970 |
$29,444 |
|
Accounts Receivable |
$1,623 |
$0 |
|
Total Assets |
$41,004 |
$33,548 |
|
Short-Term Debt |
$29,312 |
$20,987 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$29,312 |
$20,987 |
Financials as of: 11/08/2023
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