West Coast Pretzels
About this raise
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.
Investment Overview
Invested : $88,210
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 07/13/2022
- Close Date
- 08/25/2022
$50,000
$150,000
$10
Debt
Monthly
RegCF
8.00%
5.0 years
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $83,886
- Monthly Burn
- $6,519
-
Runway
- 12.4 months
- Gross Margin
- 73%
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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 |
|---|---|---|---|---|---|---|
| 08/25/2022 | SMBX | - | $88,210 | Debt | Funded | RegCF |