2LC Bakery
Bakery
Overview
Raised: $37,500
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/17/2022
Close Date
03/05/2022
Min. Goal
$20,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$815
# of Investors
40
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
2LC Bakery is raising funds on Honeycomb. The dessert company makes and sells a wide range of sweets, including chocolate chip cookies, wedding cakes, cupcakes, and chocolate-covered treats. The business also offers classes and space for programming to support the local community and other entrepreneurs. 2LC Bakery has been named the best bakery and the best donut shop in Americus, GA, and is opening up its brand new storefront. Asha Cannon founded 2LC Bakery in February 2017. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $80,000. The campaign proceeds will be used for the buildout of the new space, including permits, HVAC system, flooring, painting, signage, and lighting and electrical work.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$2,638 |
$31,256 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,807 |
$10,293 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$5,562 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,359 |
$12,921 |
|
Short-Term Debt |
$5,400 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$5,400 |
$0 |
Financials as of: 01/17/2022
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