SMBX
11/11/2022
12/27/2022
$50,000
$124,000
$10
Debt
RegCF
Rolling Commitments $
Active
11/12/2022
46
0%
0%
$0
San Francisco, California
Food, Beverage, & Restaurants
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 |
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|
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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