Urban Creperie
Restaurants And Bars
Overview
Raised: $72,850
Total Commitments ($USD)
Platform
SMBX
Start Date
01/23/2024
Close Date
03/14/2024
Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,457
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Urban Creperie is raising funds on SMBX. It is a modern restaurant in Portland, Oregon, for handcrafted crepes, salads, and wholesome treats. Urban Creperie’s menu includes sweet and savory crepes, omelets, and chef’s specials made using flavorful, authentic, and fresh ingredients. The business is also committed to community and sustainability and takes pride in supporting local farms, winemakers, and breweries. Ilya Afanassiev founded Urban Creperie in August 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $100,000. The campaign proceeds will be used for debt refinancing, working capital, and franchise expansion.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$398,233 |
$309,240 |
|
COGS |
$72,761 |
$72,517 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,433 |
$743 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$18,659 |
$17,700 |
|
Accounts Receivable |
$-1,135 |
$-1,135 |
|
Total Assets |
$136,214 |
$147,516 |
|
Short-Term Debt |
$126 |
$19,861 |
|
Long-Term Debt |
$145,773 |
$145,773 |
|
Total Liabilities |
$145,899 |
$165,634 |
Financials as of: 01/23/2024
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