AndeanSun

NOVELTY STORES

Analytics

Raised to Date: $61,330

Aggregate Commitments $
Platform

SMBX

Start Date

04/15/2021

Close Date

06/02/2021

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$10

Security Type

Debt

Funding Type

RegCF

Series

Seed

Rolling Commitments $
Status
Funded
Reporting Date

06/13/2021

Days Remaining
Funded
% of Min. Goal

245%

% of Max. Goal

61%

Likelihood of Max
Funded
Avg. Daily Raise

$1,278

Momentum
Funded
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Location

Sarasota, Florida

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

AndeanSun, a novelty store in Sarasota, FL, is raising funds on SMBX. The yarns company sells baby alpaca and alpaca yarn blends in the form of skein, wholesale, and knitted wares. The luxury yarn can be used for knitting, crocheting, spinning, and weaving. Claudia and Daniel Samanez founded AndeanSun in 2005. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $100,000, and the funds will be used to purchase new inventory and refinance the higher interest debts. AndeanSun is featured with the highest customer ratings on Ravelry and is the best-seller luxury yarn at Amazon.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,139,223

$974,066

COGS

$419,220

$216,532

Tax

$7,346

$8,054

 

 

Net Income

$43,550

$42,047

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$259,493

$76,822

Accounts Receivable

$0

$0

Total Assets

$770,268

$511,299

Short-Term Debt

$531,871

$367,988

Long-Term Debt

$560,104

$453,298

Total Liabilities

$1,091,975

$821,286

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