Osito
RESTAURANTS AND BARS
Overview
Raised: $76,880
Total Commitments ($USD)
Platform
SMBX
Start Date
10/14/2021
Close Date
12/21/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,147
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
San Francisco, California
Osito is raising funds on SMBX. It is an exclusive 100% live-fire restaurant in San Francisco. The restaurant uses almond and oak wood and a variety of outdoor cooking equipment and techniques to create a 24 dish tasting menu. The menu consists of delicate snacks, fresh produce from local farms, desserts, seasonal cocktails, and curated wines. Osito has been doing pop-ups throughout the Bay Area and is now ready to open its first permanent location. Seth Stowaway founded Osito in June 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 for completing construction and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$26,136 |
$582 |
|
COGS |
$14,745 |
$216 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-63,337 |
$-14,289 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,301 |
$33,810 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$318,434 |
$35,810 |
|
Short-Term Debt |
$35,188 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$35,188 |
$0 |
Financials as of: 10/14/2021
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