My French Cuisine

My French Cuisine

Closed: Dec. 2023

About this raise

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.

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Investment Overview

Invested this round: $23,300

Deal Terms

Total Commitments

Platform
SMBX
Start Date
11/09/2023
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    Open SEC Filing

Interest Rate

11.00%

Term Length

2.0 years

Company & Team

Company

Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Walnut Creek, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Fleur Anderson
Title
Managing Member

Financials

as of Fiscal Year 2022
 Revenue +223% YoY
$131,630
 Monthly Burn
$766
 Runway
24+ months
Gross Margin
77%

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

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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
12/07/2023 SMBX - $23,300 Debt Funded RegCF
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My French Cuisine on SMBX 2023
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, My French Cuisine may no longer be accepting investments.

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