Data / Crowdfunding / New York / Buffalo Braid Bar LLC
Buffalo Braid Bar LLC: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,070,000 (2022)
Buffalo Braid Bar LLC, a limited liability company in Buffalo, NY, filed a Form C with the SEC on September 12, 2022 to raise $50,000 to $1,070,000 in Convertible Note through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $586,675 in revenue and a net loss of $407,800, with 7 employees.
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- Website
- braidbabes.com
- Funding portal
- Wefunder Portal LLC
- Address
- 33 Fairchild Pl #2, Buffalo, NY 14216
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- May 10, 2019
- SEC CIK
- 0001846626
Offering terms
From the offering filed September 12, 2022.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,070,000
- Deadline
- April 30, 2023
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-U filed May 16, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $586,675 | $159,666 | sec.gov |
| Cost of goods sold | $325,102 | $81,152 | sec.gov |
| Net income | $-407,800 | $17,433 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $116,892 | $11,308 | sec.gov |
| Cash | $48,399 | $11,156 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $20,923 | $6,652 | sec.gov |
| Long-term debt | $521,458 | $10,213 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 16, 2023 | Progress update | $50,000 | $1,070,000 | April 30, 2023 | The final number is $75,986.00 in investments. | sec.gov |
| September 12, 2022 | Offering | $50,000 | $1,070,000 | April 30, 2023 | sec.gov |
Updated May 16, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.