Grit Grocery LLC

Grit Grocery LLC logo via Clearbit

Profile

According to their SEC filings, Grit Grocery LLC is a Limited Liability Company organized in TX on 06-09-2015. They report having 4 employee(s), and revenue in their most-recent fiscal year of $1,287.00 and $49,202.00 the prior year.

Location

5210 Griggs Rd. #14565

Houston, TX 77021

Equity Crowdfunding Campaigns

Reg CF Offering from Grit Grocery, LLC (Previous)

Campaign Details

According to their SEC filings, Grit Grocery, LLC previously ran a Regulation Crowdfunding campaign to raise $75,000.00 (up to a maximum of $1,000,000.00) in SAFE via Wefunder before a deadline of 02-01-2018.

As compensation for managing the offering, Wefunder reported being compensated as follows:

4.0% 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.

In addition to any direct compensation, Grit Grocery, LLC reported that Wefunder would also receive the following financial interest in the offering:

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

Grit Grocery, LLC filed the following progress report with the SEC at the end of their campaign:

The final number is $82,160.00 in investments.

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $1,287.00 $49,202.00
Cost of Goods Sold $7,405.00 $62,717.00
Taxes Paid $3.00 $33.00
Net Income $-47,432.00 $-69,692.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $211.00 $415.00
Accounts Receivable $0.00 $0.00
Short-term Debt $0.00 $0.00
Long-term Debt $58,227.00 $63,305.00

Complete Reg CF filings list for Grit Grocery LLC

  • [2018-05-25T14:39:27+00:00] Grit Grocery LLC filed a fundraising progress report (Form C-U) with the following update: "The final number is $82,160.00 in investments."

    File number: 020-23457

  • [2018-01-25T17:53:31+00:00] Grit Grocery LLC filed an amended Form C (Form C/A) regarding their offering to raise a target of $75,000.00 via Wefunder. The nature of the amendment was described as follows:

    Include video transcripts, and updated business plan.

    File number: 020-23457

  • [2017-12-21T19:49:01+00:00] Grit Grocery LLC filed an amended Form C (Form C/A) regarding their offering to raise a target of $75,000.00 via Wefunder. The nature of the amendment was described as follows:

    Lowered minimum threshold to $75,000 to fund one truck instead of two ; updated cash on hand in financial condition ; extended campaign ; updated business plan

    File number: 020-23457

  • New Filing Form C

    [2017-07-07T21:24:57+00:00] Grit Grocery LLC filed a Form C to raise a target amount of $150,000.00 (up to a maximum of $1,000,000.00) of SAFE via Wefunder.

    File number: 020-23457