Wagyu House by The X Pot
About this raise
Wagyu House by The X Pot is raising funds on SMBX. It is a unique fusion restaurant in Rowland Heights, California, that serves fine Wagyu beef and other hot pot dishes. Wagyu House by The X Pot serves a diverse selection of Wagyu beef known for its tenderness, marbling, and taste. The business ensures an exceptional dining experience and plans to attract more customers, increase its revenue, and grow its business. David Zhao and Haibin Yang founded Wagyu House by The X Pot in October 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $31,500. The campaign proceeds will be used to increase the marketing initiatives.
Investment Overview
Invested : $40,790
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 03/22/2024
- Close Date
- 04/16/2024
$10,000
$31,500
$10
Debt
Monthly
RegCF
8.50%
2.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue -11.7% YoY
-
$7,757,141
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$476,826
as of FY2023
- Gross Margin
-
71%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/16/2024 | SMBX | - | $40,790 | Debt | Funded | RegCF |