Phinney Station

Phinney Station

Brewery

Brewery

Overview

Raised to Date: Raised: $165,600

Total Commitments ($USD)

Platform

SMBX

Start Date

02/27/2024

Close Date

04/04/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/16/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$4,600

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Seattle, Washington

Business Type

Life Style

Phinney Station is raising funds on SMBX. It is a food and beverage destination in Seattle, Washington that serves as a place to relax, hang out with friends, and get some food and drinks. Phinney Station is family- and dog-friendly and is located at the former Art Deco service station, which was upgraded and renovated. The business is focused on bringing the community together and also features a Froste Bar. Robin Warma and Stuart Faris founded Phinney Station in September 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for the construction of the new location, fixtures, and equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,471,089

$1,244,075

COGS

$482,614

$396,636

Tax

$0

$0

 

 

Net Income

$231,955

$322,925

Summary Balance Sheet

FY 2023 FY 2022

Cash

$72,118

$138,905

Accounts Receivable

$0

$0

Total Assets

$268,595

$207,863

Short-Term Debt

$85,110

$26,334

Long-Term Debt

$0

$0

Total Liabilities

$85,110

$26,334

Financials as of: 02/27/2024
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Phinney Station on SMBX 2024
Platform: SMBX
Security Type: Debt

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