5 Generation Bakers

5 Generation Bakers

Small-Batch Gourmet Swirls Breads

Small-Batch Gourmet Swirls Breads

Overview

Raised this Round: Raised: $85,125

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/29/2024

Close Date

07/29/2024

Min. Goal
$100,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Year Founded

2009

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

MCKEES ROCKS, Pennsylvania

Business Type

Life Style

5 Generation Bakers is raising funds on Honeycomb. It is a bakery in McKees Rocks, Pennsylvania, known for its Jenny Lee Swirl Bread. 5 Generation Bakers has a loyal customer base for 14 years and plans to venture into new product lines, including sandwiches, French toasts, cookies, bars, cakes, whoopie pies, and school breakfast programs. The business has earned awards as the fastest-growing company in Pittsburgh and was awarded America’s Best Raisin Bread by the California Raisin Marketing Board. Scott Baker founded 5 Generation Bakers in June 2009. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $300,000. The campaign proceeds will be used for purchasing more signature crimp pans, marketing the new Jenny Lee Sammiches, production department improvements, butter and sugar station equipment purchases, and refinancing debt.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$5,132,906

$3,756,697

COGS

$3,390,355

$2,438,278

Tax

$0

$0

 

 

Net Income

$18,352

$-197,476

Summary Balance Sheet

FY 2023 FY 2022

Cash

$89,235

$54,319

Accounts Receivable

$517,844

$410,702

Total Assets

$3,203,061

$475,556

Short-Term Debt

$602,948

$710,554

Long-Term Debt

$4,148,787

$4,101,884

Total Liabilities

$4,751,735

$4,812,438

Financials as of: 05/29/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
5 Generation Bakers 07/28/2024 Honeycomb - $85,125 Debt Active RegCF
5 Generation Bakers 08/06/2023 StartEngine $9,821,964 $236,159 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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5 Generation Bakers on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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