Saucy Asian
About this raise
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.
Investment Overview
Invested : $37,020
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 10/17/2023
- Close Date
- 11/30/2023
$20,000
$124,000
$10
Debt
Monthly
RegCF
10.75%
3.0 years
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +15% YoY
-
$1,462,266
as of FY2022
- Monthly Burn
-
Profitable
as of FY2022
-
Cash on Hand
-
$71,949
as of FY2022
- Gross Margin
-
78%
as of FY2022
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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 |
|---|---|---|---|---|---|---|
| 11/30/2023 | SMBX | - | $37,020 | Debt | Funded | RegCF |