CheeseButta on SMBX 2022 – KingsCrowd

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Reporting Date

06/24/2022

Likelihood of Max

Momentum

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Location

Vancouver, Washington

Industry

Food, Beverage, & Restaurants

CheeseButta is raising funds on SMBX. The company makes a one-of-its-kind melting spread. The spread is made by blending four flavorful kinds of cheese with aromatically seasoned butter. The restaurant serves its unique and famous cheese bread coated with the delicious CheeseButta. The product line includes the original, habanero, pepperoni, roasted garlic, and smoked bacon flavors. CheeseButta products are relished by home chefs, foodies, recipe-creators, and high-end snackers across the country. Michael Paul founded CheeseButta in 2013. The current crowdfunding campaign has a minimum target of $42,800 and a maximum target of $214,000. The campaign proceeds will be used for hiring staff, marketing, and equipment.

Summary Profit and Loss Statement

Revenue

$158,058

$68,353

COGS

$56,973

$2,970

Tax

$0

$0

 

 

Net Income

$22,058

$39,698

Summary Balance Sheet

Cash

$30,346

$25,605

Accounts Receivable

$-850

$-1,000

Total Assets

$55,192

$30,719

Short-Term Debt

$45,551

$16,851

Long-Term Debt

$43,640

$26,387

Total Liabilities

$89,191

$43,238

Financials as of: 06/23/2022

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Raise History

CheeseButta 08/23/2022 SMBX $0 Debt
Active
RegCF
CheeseButta 01/11/2022 SMBX $35,360 Debt
Funded
RegCF

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