Palm City Wines
About this raise
Palm City Wines is raising funds on SMBX. It is a restaurant and bar in San Francisco, California that serves as a neighborhood gathering space. During the pandemic, the business pivoted to convert into a wine and beer bottle shop also serving five varieties of Philly-style hoagie sandwiches. Palm City Wines is overall a wonderful place for cool beers, interesting wine, and good food made by good people. Dennis Cantwell and Monica Wong founded Palm City Wines in March 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $250,000. The campaign proceeds will be used for the buildout of a second location.
Investment Overview
Invested $420,710 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +29% YoY
-
$1,762,115
as of FY2022
- Monthly Burn
-
$920
as of FY2022
-
Runway
-
16.2 months
as of FY2022
- Gross Margin
-
19%
as of FY2022
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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 |
---|---|---|---|---|---|---|
06/26/2023 | SMBX | - | $420,710 | Debt | Funded | RegCF |