Pho’nomenal Bowls

Pho’nomenal Bowls

Early Stage

Spreading the Pho’nomenon Around the World

Spreading the Pho’nomenon Around the World

Overview

Raised to Date: Raised: $32,224

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/19/2024

Close Date

04/28/2024

Min. Goal
$14,999
Max. Goal
$1,235,000
Min. Investment

$249

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.29

Pre-Money Valuation

$39,013,847

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

12

% of Min. Goal

215%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,193

# of Investors

20

Momentum
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Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Bellevue, Washington

Pho’nomenal Bowls, with a valuation of $39.01 million, is raising funds on StartEngine. It is a food distribution company that specializes in high-quality Vietnamese foods and pho products. Pho’nomenal Bowls blends tradition and taste by recreating traditional grandmother-approved recipes into Pho Bowls and Pho Kits. The business sells its products in over 4,000 retail stores, numerous military bases, 2,000 substance abuse centers, and Costco and generated $3.34 million in revenue in 2022. Duc Trong Pham founded Pho’nomenal Bowls in October 2017. The current crowdfunding campaign has a minimum target of $14,998.83 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, company employment, inventory, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,341,412

$1,127,132

COGS

$2,915,954

$1,115,022

Tax

$0

$0

 

 

Net Income

$-239,558

$-396,894

Summary Balance Sheet

FY 2023 FY 2022

Cash

$20,472

$8,852

Accounts Receivable

$66,107

$114,737

Total Assets

$1,027,788

$609,886

Short-Term Debt

$2,089,211

$1,371,721

Long-Term Debt

$143,771

$197,473

Total Liabilities

$2,232,982

$1,569,194

Financials as of: 03/19/2024
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Pho’nomenal Bowls on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,013,847
Price per Share: $1.29

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