Patriot Popcorn Co
Specialty Foods
Overview
Raised: $35,670
Total Commitments ($USD)
Platform
SMBX
Start Date
02/16/2022
Close Date
04/04/2022
Min. Goal
$15,000
Max. Goal
$40,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$775
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Patriot Popcorn is raising funds on SMBX. The company makes fresh, flavorful, and fast popcorn. The business offers over 85 different flavors of popcorn, including Caramel n’ Cheddar and Chocolate Covered Strawberry, and has a variety of packages for birthdays, weddings, corporate events, and holiday parties. Patriot Popcorn cares about the community too and gives a portion of the proceeds to nonprofits for veterans, first responders, and cancer research foundations. Michael Brady and John Brady founded Patriot Popcorn in February 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $40,000. The campaign proceeds will be used to move into a larger retail location and purchase equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$146,629 |
$30,168 |
|
COGS |
$47,222 |
$13,734 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$16,638 |
$-10,609 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,806 |
$1,219 |
|
Accounts Receivable |
$5,219 |
$1,003 |
|
Total Assets |
$24,902 |
$14,099 |
|
Short-Term Debt |
$18,672 |
$24,507 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$18,672 |
$24,507 |
Financials as of: 02/16/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.