Popoca

Popoca

Early Stage

Salvadoran roots, California grown. A vibrant live fire restaurant in Oakland

Salvadoran roots, California grown. A vibrant live fire restaurant in Oakland

Overview

Raised to Date: Raised: $66,692

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/15/2023

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$2,020,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/26/2023

Days Remaining

216

% of Min. Goal

133%

% of Max. Goal

54%

Likelihood of Max
extremely
Avg. Daily Raise

$1,588

Momentum
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Year Founded

2020

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Richmond, California

Business Type

Life Style

Popoca, with a valuation of $2 million, is raising funds on Wefunder. It is a Salvadoran restaurant in Oakland, California that brings the traditional cooking and recipes of El Salvador with its progressive food like pupusas and tamales. Popoca’s food is made using fresh and high-quality ingredients and cooked over a wood fire. The restaurant includes a daytime cafe, full dinner service, and late-night craft bar and has been featured in SF Chronicle, Eater SF, and Bon Appetit Magazine. Anthony Salguero founded Popoca in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for covering labor costs, art and fixtures, future operating expenses, furniture, signage and marketing, and office equipment.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$102,214

$172,980

COGS

$22,592

$39,644

Tax

$806

$7,959

 

 

Net Income

$79,622

$-22,141

Summary Balance Sheet

FY 2022 FY 2021

Cash

$113,122

$92,607

Accounts Receivable

$0

$0

Total Assets

$196,760

$138,782

Short-Term Debt

$211,340

$55,142

Long-Term Debt

$95,190

$135,014

Total Liabilities

$306,530

$190,156

Financials as of: 08/15/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Popoca 04/29/2024 Wefunder $2,020,000 $66,692 Equity - Common Active RegCF
Popoca 07/28/2021 SMBX - $115,130 Debt Funded RegCF
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Popoca on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,020,000
Price per Share: $100.00

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