Pitsa
Restaurants And Bars
Overview
Raised: $29,170
Total Commitments ($USD)
Platform
SMBX
Start Date
02/09/2023
Close Date
03/27/2023
Min. Goal
$40,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
4
% of Min. Goal
73%
% of Max. Goal
24%
Likelihood of Max
Avg. Daily Raise
$695
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Pitsa is raising funds on SMBX. The food company makes pizza with a twist and infuses flavors from India, Turkey, Thailand, and Korea. The offerings of Pitsa include its 12 signature pitsa pies, including Green Envy and Mumbai Madness, fusion pizza bowls, fusion sides, pizzadillas, and dessert pizzas. Pitsa has two locations in Glen Allen, Virginia, and is a local favorite. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment purchase, working capital, and debt refinancing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$151,542 |
$0 |
|
COGS |
$100,892 |
$5,536 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-86,551 |
$-45,704 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,940 |
$98,021 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$97,200 |
$98,021 |
|
Short-Term Debt |
$0 |
$3,270 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$3,270 |
Financials as of: 02/09/2023
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