Saucy Asian

Saucy Asian

Restaurants And Bars

Restaurants And Bars

Overview

Raised this Round: Raised: $37,020

Total Commitments ($USD)

Platform

SMBX

Start Date

10/17/2023

Close Date

11/30/2023

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

3.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Life Style

Saucy Asian is raising funds on SMBX. The restaurant is based in San Francisco, California, and serves Korean fusion delights. Saucy Asian’s offerings are authentically inauthentic, naturally healthy, and include burritos, bowls, and wings. The business brings the taste of Seoul street food culture to modern customers in a hip and approachable way. Andrew Shinn founded Saucy Asian in September 2022. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used to open a second location in Emeryville, California.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,462,266

$1,271,257

COGS

$326,272

$362,246

Tax

$0

$0

 

 

Net Income

$115,365

$110,526

Summary Balance Sheet

FY 2022 FY 2021

Cash

$71,949

$85,443

Accounts Receivable

$-146,717

$-146,717

Total Assets

$167,090

$223,638

Short-Term Debt

$-191,440

$-84,226

Long-Term Debt

$408,147

$422,713

Total Liabilities

$216,707

$338,487

Financials as of: 10/17/2023
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Saucy Asian 11/30/2023 SMBX - $37,020 Debt Funded RegCF

No prior online funding rounds.

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Saucy Asian on SMBX 2023
Platform: SMBX
Security Type: Debt

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