Volcano Kimchi
Vegetable Pickling And Jarring
Overview
Raised: $142,660
Total Commitments ($USD)
Platform
SMBX
Start Date
11/11/2022
Close Date
12/27/2022
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
8.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2023
Days Remaining
Funded
% of Min. Goal
285%
% of Max. Goal
115%
Likelihood of Max
Funded
Avg. Daily Raise
$3,101
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Volcano Kimchi is raising funds on SMBX. The business makes vegan, organic, and locally-sourced kimchi and traditional Korean ferments in San Francisco, California. The company is committed to promoting healthy guts and a happy planet, hand-makes its kimchi in small batches for fresh and seasonal products, and packs it in glass jars. The taste of Volcano Kimchi is a unique combination of Korean fermentation techniques using organic vegetables and fruits. Aruna Lee founded Volcano Kimchi in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for rent, leasehold improvements, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$282,464 |
$77,426 |
|
COGS |
$54,109 |
$23,853 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,985 |
$-5,255 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$322,633 |
$235,750 |
|
Accounts Receivable |
$3,288 |
$4,339 |
|
Total Assets |
$328,607 |
$240,604 |
|
Short-Term Debt |
$3,439 |
$898 |
|
Long-Term Debt |
$42,339 |
$12,190 |
|
Total Liabilities |
$45,778 |
$13,088 |
Financials as of: 11/11/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Volcano Kimchi? Create your account today to claim this raise page.