The Blending Lab
Wineries
Overview
Raised: $16,400
Total Commitments ($USD)
Platform
SMBX
Start Date
05/25/2022
Close Date
08/01/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
84.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/31/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$245
Momentum
Not Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
The Blending Lab is raising funds on SMBX. It is a unique wine tasting room in the heart of Los Angeles, California. The business aims to bring a new wine tasting experience to clients and help them learn about making and blending their own custom wine. The Blending Lab sources its grapes from around California and makes wine in Los Angeles, along with offering an untraditional winery experience. Michael Keller and Magdalena Wojcik founded The Blending Lab in October 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for production, hiring staff, advertising and PR, and construction of the second location in Paso Robles, California.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$392,936 |
$249,032 |
|
COGS |
$65,071 |
$89,775 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$51,028 |
$-106,813 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$106,237 |
$149,234 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$668,152 |
$625,938 |
|
Short-Term Debt |
$24,238 |
$10,783 |
|
Long-Term Debt |
$734,872 |
$697,211 |
|
Total Liabilities |
$759,110 |
$707,994 |
Financials as of: 05/25/2022
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