Poppy

Poppy

Restaurants And Bars

Restaurants And Bars

Overview

Raised this Round: Raised: $75,000

Total Commitments ($USD)

Platform

SMBX

Start Date

12/07/2023

Close Date

02/08/2024

Min. Goal
$20,000
Max. Goal
$75,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Life Style

Poppy is raising funds on SMBX. It is a neighborhood restaurant in San Francisco, California, known for its well-curated menu of delicious food and warm service. Poppy serves an all-day menu of California-inspired American breakfast classics and lunch options. The restaurant has a sophisticated and comfortable atmosphere and is well-known for its aesthetic and nourishing menu, and knowledgeable staff. Jessica Sullivan and Laurel Robinson founded Poppy in March 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $75,000. The campaign proceeds will be used for working capital, equipment, and inventory for the new location.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$18,064

COGS

$0

$5,262

Tax

$0

$0

 

 

Net Income

$-115,478

$-25,462

Summary Balance Sheet

FY 2022 FY 2021

Cash

$370,025

$91,639

Accounts Receivable

$0

$0

Total Assets

$486,263

$128,160

Short-Term Debt

$5,851

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,851

$0

Financials as of: 12/07/2023
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Poppy on SMBX 2023
Platform: SMBX
Security Type: Debt

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