Snackrilege

Snackrilege

Where we grind metal not meat

Where we grind metal not meat

Overview

Raised to Date: Raised: $77,440

Total Commitments ($USD)

Platform

SMBX

Start Date

10/26/2022

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    Open SEC Filing

Interest Rate

9.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/03/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
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

Location

Portland, Oregon

Business Type

Life Style

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: 10/26/2022
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Snackrilege on SMBX 2022
Platform: SMBX
Security Type: Debt

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