Wellness Sushi

Wellness Sushi

Closed: Jan. 2024

About this raise

Wellness Sushi is raising funds on SMBX. It is a 100% plant-based sushi and Japanese eatery in Denver, Colorado. Wellness Sushi uses healthy and honest ingredients and redefines authentic flavors to create its delicious plant-based menu. The sushi of Wellness Sushi is a must-try for vegans and non-vegans and uses an array of local and seasonal ingredients, including beetroot, Konjac roots, tofu, bean curd, and a variety of mushrooms. Steven Lee founded Wellness Sushi in July 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $500,000. The campaign proceeds will be used to open a new location in Boulder, Colorado.

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Investment Overview

Invested this round: $243,510

Deal Terms

Total Commitments

Platform
SMBX
Start Date
10/12/2023
Close Date
01/25/2024
Min. Goal
$20,000
Max Goal
$500,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.75%

Term Length

6.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Denver, Colorado
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Steven Lee
Title
CEO & Executive Chef

Financials

as of Fiscal Year 2022
 Revenue +39% YoY
$391,614
 Monthly Burn
Profitable
 Cash on Hand
$13,716
Gross Margin
66%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$391,614

$282,188

COGS

$131,867

$93,477

Tax

$0

$0

 

 

Net Income

$97,835

$84,602

Summary Balance Sheet

FY 2022 FY 2021

Cash

$13,716

$5,007

Accounts Receivable

$5,736

$1,075

Total Assets

$186,929

$22,652

Short-Term Debt

$136,929

$2,652

Long-Term Debt

$0

$0

Total Liabilities

$136,929

$2,652

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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
01/25/2024 SMBX - $243,510 Debt Funded RegCF
07/28/2022 SMBX - $66,820 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Wellness Sushi on SMBX 2023
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Wellness Sushi may no longer be accepting investments.

Wellness Sushi Deal Report

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