Phinney Station
Brewery
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
SMBX
Start Date
02/27/2024
Close Date
04/04/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,444
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
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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