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Security Type
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Debt
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Categories
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Hospitality, Retail, Art & Collectibles, Financial Services, Food & Bev, Technology, Food & Beverage
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Min Investment
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$100
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Offering Date
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August 27, 2021
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$124.00K
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Security Price
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$100
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Valuation
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$2,000,000
- Number of Employees
- 10
- Cash
- $113,122
- Revenue
- $102,214
- Short Term Debt
- $211,340
- Cost of Goods
- $22,592
- Long Term Debt
- $95,190
- Net Income
- $79,622
Company Description
Critically acclaimed and featured in Bon Appétit Magazine, SF Chronicle, Eater SF, & more.
Successful popup plots its first location with sights on a second fast-casual location by year 3.
Plans for a multi-use concept that offers various culinary service models under one roof.
Includes premium daytime cafe, full dinner service, & late-night craft bar program with small bites
Celebrating masa by using heritage corn, in-house milling, and highlighting it on our menu.
Key Deal Facts
To help find and preserve Salvadoran wood fire cooking through a vibrant new concept.
To bring new flavors into Oakland by further diversifying its culinary options.
To bring awareness and share knowledge of the bold ingredients and dishes of Salvadoran cuisine.
To develop a multi-use concept that offers various culinary service models under one roof.
To celebrate masa by using heritage corn, in-house milling, and highlighting it on our menu.
Management Team / Advisory Board Bios
Brandi Brown, Owner | Operations Manager
Opened FOB Kitchen, a pop-up turned brick-and-mortar in Oakland's temescal district which continues to receive presence in SF Chronicles Top Restaurants lists. Twin mama who's ethos is rooted in community care and involvement.
Anthony Salguero
Owner | Chef
With over 15 years of experience and having received accolades during his stints in fine dining kitchens Anthony has discovered his career purpose in opening Popoca. Since then Popoca has been featured in Bon apetite magazine and Bay Areas Top 100.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.