The Blending Lab

The Blending Lab

Wineries

Wineries

Overview

Raised this Round: 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    Open SEC Filing

Interest Rate

8.00%

Term Length

7.0 years

Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Los Angeles, California

Business Type

Growth

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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The Blending Lab on SMBX 2022
Platform: SMBX
Security Type: Debt

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