White Maize

White Maize

Restaurants And Bars

Restaurants And Bars

Overview

Raised to Date: Raised: $33,830

Total Commitments ($USD)

Platform

SMBX

Start Date

02/26/2024

Close Date

04/15/2024

Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

0

% of Min. Goal

169%

% of Max. Goal

27%

Likelihood of Max
unlikely
Avg. Daily Raise

$690

Momentum
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Brooklyn, New York

Business Type

Life Style

White Maize is raising funds on SMBX. The restaurant in Brooklyn, New York, is known for its Venezuelan-inspired Latin American cuisine. White Maize serves real food with no additives and uses fresh and high-quality ingredients to create authentic dishes, most of which are gluten-free. The offerings of White Maize include rice bowls, cachapas, arepas, tres leches cake, quesillo, Nutella tequenos, guava, and cheese tequenos. Kathyana Valera founded White Maize in April 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for working capital to build out a new location and purchase equipment and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$884,467

$849,951

COGS

$387,802

$361,621

Tax

$0

$0

 

 

Net Income

$-50,074

$46,118

Summary Balance Sheet

FY 2022 FY 2021

Cash

$8,361

$12,323

Accounts Receivable

$0

$0

Total Assets

$8,361

$12,323

Short-Term Debt

$-114,216

$-160,328

Long-Term Debt

$0

$0

Total Liabilities

$-114,216

$-160,328

Financials as of: 02/26/2024
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White Maize on SMBX 2024
Platform: SMBX
Security Type: Debt

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