Ponderosa Beer + Books

Ponderosa Beer + Books

Closed: Jun. 2024

About this raise

Ponderosa Beer + Books is raising funds on SMBX. It is a beer bar in Bellingham, Washington. Ponderosa Beer + Books also offers a diverse selection of beverages and food books to make the unknown feel inviting, fun, and approachable for people. The beer bar aims to offer a rotating selection of beverages and food-focused titles to break down barriers around craft beer and help educate people in an approachable way. Jessie Polin founded Ponderosa Beer + Books in March 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for outdoor seating, signage, marketing, and working capital.

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Investment Overview

Invested this round: $70,110

Deal Terms

Total Commitments

Platform
SMBX
Start Date
05/17/2024
Close Date
06/25/2024
Min. Goal
$10,000
Max Goal
$100,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Bellingham, Washington
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Jessie Polin
Title
Owner & Operator

Financials

as of Fiscal Year 2023
 Revenue +62% YoY
$143,981
 Monthly Burn
$5,321
 Runway
2.5 months
Gross Margin
45%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$143,981

$88,912

COGS

$78,625

$37,802

Tax

$0

$0

 

 

Net Income

$-63,849

$-22,342

Summary Balance Sheet

FY 2023 FY 2022

Cash

$13,122

$1,714

Accounts Receivable

$0

$0

Total Assets

$120,773

$136,068

Short-Term Debt

$38,061

$3,087

Long-Term Debt

$0

$0

Total Liabilities

$38,061

$3,087

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/25/2024 SMBX - $70,110 Debt Funded RegCF
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Ponderosa Beer + Books on SMBX 2024
Platform: SMBX
Security Type: Debt

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