Volcano Kimchi

Volcano Kimchi

Vegetable Pickling And Jarring

Vegetable Pickling And Jarring

Overview

Raised this Round: Raised: $142,660

Total Commitments ($USD)

Platform

SMBX

Start Date

11/10/2022

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    Open SEC Filing

Interest Rate

8.50%

Term Length

3.0 years

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

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: 11/10/2022
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Volcano Kimchi on SMBX 2022
Platform: SMBX
Security Type: Debt

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