Overview
Raised: $165,540
Total Commitments ($USD)
Platform
SMBX
Start Date
11/09/2020
Close Date
01/15/2021
Min. Goal
$100,000
Max. Goal
$165,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,508
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Quesadilla Gorilla, an authentic restaurant in Visalia, CA, is raising funds on SMBX. The restaurant offers delicious, locally-sourced food, made using secret recipes of generations of owners’ families. Quesadilla Gorilla makes creative quesadillas, with specials like Dilla of the Day and Build Your Own Quesadilla. Miguel and Mikayla Reyes founded Quesadilla Gorilla in 2013. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $165,000, and the funds will be used to purchase new equipment for its new and existing locations. Quesadilla Gorilla is already open at four locations and plans to open the fifth one in 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,616,699 |
$1,428,088 |
|
COGS |
$1,185,453 |
$1,120,873 |
|
Tax |
$82,752 |
$75,779 |
| ||
| ||
|
Net Income |
$-53,384 |
$-90,616 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,204 |
$-1,301 |
|
Accounts Receivable |
$8,475 |
$8,475 |
|
Total Assets |
$140,281 |
$51,446 |
|
Short-Term Debt |
$181,909 |
$100,939 |
|
Long-Term Debt |
$127,456 |
$119,795 |
|
Total Liabilities |
$309,365 |
$220,734 |
Financials as of: 11/09/2020
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