Snackrilege
Where we grind metal not meat
Overview
Raised: $77,440
Total Commitments ($USD)
Platform
SMBX
Start Date
10/27/2022
Close Date
11/28/2022
Min. Goal
$15,000
Max. Goal
$35,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
9.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
516%
% of Max. Goal
221%
Likelihood of Max
Funded
Avg. Daily Raise
$2,420
Momentum
Funded
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Year Founded
2013
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Snackrilege is raising funds on SMBX. It is a wholesale vegan food distributor that makes delicious and affordable plant-based foods. The grab-and-go products of Snackrilege are made in Portland and sold nationwide. The business also operates an incubator kitchen that is 100% vegan friendly and equipped with gas burners, convection ovens, shelf space, a dishwasher, prep tables, and slicers. Clayton McCallard and Rosalind McCallard founded Snackrilege in August 2013. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $35,000. The campaign proceeds will be used for refinancing debt.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$542,737 |
$363,528 |
|
COGS |
$246,151 |
$164,169 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-44,925 |
$-69,842 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$27,598 |
$74,565 |
|
Accounts Receivable |
$45,053 |
$28,704 |
|
Total Assets |
$77,625 |
$108,135 |
|
Short-Term Debt |
$31,635 |
$4,869 |
|
Long-Term Debt |
$205,966 |
$185,455 |
|
Total Liabilities |
$237,601 |
$190,324 |
Financials as of: 10/27/2022
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