West Coast Pretzels

West Coast Pretzels

East Coast inspired soft pretzels with a West Coast twist!

East Coast inspired soft pretzels with a West Coast twist!

Overview

Raised to Date: Raised: $88,210

Total Commitments ($USD)

Platform

SMBX

Start Date

07/12/2022

Close Date

08/24/2022

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Studio City, California

Business Type

Life Style

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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West Coast Pretzels on SMBX 2022
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, West Coast Pretzels may no longer be accepting investments.

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