Overview
Raised: $62,680
Total Commitments ($USD)
Platform
SMBX
Start Date
03/23/2022
Close Date
04/15/2022
Min. Goal
$15,000
Max. Goal
$75,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,849
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Rangoon is raising funds on SMBX. The Burmese restaurant in Brooklyn, NY, serves authentic Burmese food, including vibrant salads, noodles, stew, curries, soup, and more. It brings comfort food made from simple and fresh ingredients with a casual and elegant atmosphere. Rangoon has a concise menu and minimalist interior design. It serves traditional Burmese recipes passed on from generations and beyond. Myo Moe and Daniel Bendjy founded Rangoon in February 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $75,000. The campaign proceeds will be used for renovations to the new location.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,433,643 |
$392,534 |
|
COGS |
$284,272 |
$104,363 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$45,342 |
$52,267 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$244,684 |
$26,553 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$302,574 |
$53,314 |
|
Short-Term Debt |
$252,415 |
$51,293 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$252,415 |
$51,293 |
Financials as of: 03/23/2022
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