Zephyrnet Logo

Volcano Kimchi on SMBX 2022

Date:

Platform

SMBX

Start Date

11/11/2022

Close Date

12/27/2022

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

11/12/2022

Days Remaining

46

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max

Avg. Daily Raise

$0

Momentum

cold.svg

Create a free account today to gain access to KingsCrowd analytics.

Location

San Francisco, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Volcano Kimchi is raising funds on SMBX. The business makes vegan, organic, and locally-sourced kimchi and traditional Korean ferments in San Francisco, California. The company is committed to promoting healthy guts and a happy planet, hand-makes its kimchi in small batches for fresh and seasonal products, and packs it in glass jars. The taste of Volcano Kimchi is a unique combination of Korean fermentation techniques using organic vegetables and fruits. Aruna Lee founded Volcano Kimchi in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for rent, leasehold improvements, and working capital.

Summary Profit and Loss Statement

Revenue

$282,464

$77,426

COGS

$54,109

$23,853

Tax

$0

$0

 

 

Net Income

$31,985

$-5,255

Summary Balance Sheet

Cash

$322,633

$235,750

Accounts Receivable

$3,288

$4,339

Total Assets

$328,607

$240,604

Short-Term Debt

$3,439

$898

Long-Term Debt

$42,339

$12,190

Total Liabilities

$45,778

$13,088

Financials as of: 11/11/2022

Create a free account today to gain access to KingsCrowd analytics.

spot_img

Latest Intelligence

spot_img