The Brixton
Restaurants And Bars
Overview
Raised: $16,070
Total Commitments ($USD)
Platform
SMBX
Start Date
03/27/2024
Close Date
05/02/2024
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
4
% of Min. Goal
80%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$518
Momentum
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Year Founded
2010
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
The Brixton is raising funds on SMBX. It is a restaurant in San Francisco, California that offers a unique twist on American gastropub food. The Brixton is a great place to enjoy a meal with its rock ’n’ roll artwork and modern decor. It is identified as a famous music venue and aims to delight its customers with good music and good food. Hugo Gamboa, Andy Wasserman, and Adam Snyder founded The Brixton in February 2010. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used as working capital to remodel and update the restaurant.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$1,725,070 |
$1,849,053 |
|
COGS |
$287,982 |
$353,254 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$144,746 |
$56,668 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$25,979 |
$304,660 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$457,159 |
$648,251 |
|
Short-Term Debt |
$129,231 |
$264,916 |
|
Long-Term Debt |
$150,000 |
$150,000 |
|
Total Liabilities |
$279,231 |
$414,916 |
Financials as of: 03/27/2024
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