The Brixton

The Brixton

Restaurants And Bars

Restaurants And Bars

Overview

Raised to Date: Raised: $14,780

Total Commitments ($USD)

Platform

SMBX

Start Date

03/27/2024

Close Date

05/01/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

16

% of Min. Goal

74%

% of Max. Goal

12%

Likelihood of Max
unlikely
Avg. Daily Raise

$778

Momentum
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Year Founded

2010

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

San Francisco, California

Business Type

Life Style

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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The Brixton on SMBX 2024
Platform: SMBX
Security Type: Debt

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