West Coast Pretzels
East Coast inspired soft pretzels with a West Coast twist!
Overview
Raised: $88,210
Total Commitments ($USD)
Platform
SMBX
Start Date
07/12/2022
Close Date
08/25/2022
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,051
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
West Coast Pretzels is raising funds on SMBX. The food business makes hand-twisted, vegan, and soft pretzels in Studio City, California. The menu of West Coast Pretzels includes The Philly Twist, everyday pretzel, sesame pretzel, a Double Pepperoni Pretzel Pizza, Pretzel Dog, and Pretzel Nuggets. The business has wholesale operations and supplies to local restaurants, breweries, bars, hotels, corporate events, and entertainment venues. Kevin Bricklin founded West Coast Pretzels in July 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for refinancing debt, working capital, and purchasing a delivery van.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$83,886 |
$20,435 |
|
COGS |
$22,792 |
$6,223 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-78,233 |
$-15,376 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$80,564 |
$74,794 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$215,834 |
$171,799 |
|
Short-Term Debt |
$54,766 |
$36,465 |
|
Long-Term Debt |
$44,055 |
$0 |
|
Total Liabilities |
$98,821 |
$36,465 |
Financials as of: 07/12/2022
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