Overview
Raised: $172,940
Total Commitments ($USD)
Platform
SMBX
Start Date
09/21/2023
Close Date
01/04/2024
Min. Goal
$20,000
Max. Goal
$300,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
32
% of Min. Goal
865%
% of Max. Goal
58%
Likelihood of Max
Avg. Daily Raise
$2,369
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The Noble Fox is raising funds on SMBX. It is a restaurant and bar in Silverton, Oregon, known for its craft cocktails. The locally sourced beverages and cocktails of The Noble Fox work well with its well-balanced bites of food and accentuate the entire experience. The Noble Fox is known for incorporating locally sourced ingredients into its beverages and dishes and remains connected with local farmers and distributors. Jeffrey Tinkham and Jeramie Mykisen founded The Noble Fox in November 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $300,000. The campaign proceeds will be used to open a new location and brewery in Ashland, Oregon.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$907,566 |
$166,593 |
|
COGS |
$313,941 |
$23,070 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-864 |
$-434 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$13,492 |
$15,275 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$224,995 |
$262,379 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$243,375 |
$263,275 |
|
Total Liabilities |
$243,375 |
$263,275 |
Financials as of: 09/21/2023
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