5 Generation Bakers
Growth Stage
Small-Batch Gourmet Swirls Breads
Overview
Raised: $151,759
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/08/2023
Close Date
08/07/2023
Min. Goal
$14,995
Max. Goal
$1,234,998
Min. Investment
$246
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.91
Pre-Money Valuation
$9,821,964
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
58
% of Min. Goal
1,012%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$4,599
# of Investors
128
Momentum
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Year Founded
2009
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
5 Generation Bakers, with a valuation of $9.82 million, is raising funds on StartEngine. The food business makes artisan and all-natural cinnamon swirl bread and other baked goods. 5 Generation Bakers’ cinnamon swirl bread is made using clean formula and high-quality ingredients and stands out in the market for its shape and butter-cinnamon sugar coating. The business has won several awards and distributes through UNFI, Lipari Foods, Reinhart, and other distributors. Scott Alfred Baker founded 5 Generation Bakers in June 2009. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for company employment, operations, inventory, marketing, research and development, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$3,756,697 |
$3,110,708 |
|
COGS |
$2,438,278 |
$1,626,422 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-197,476 |
$-322,050 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$54,319 |
$62,738 |
|
Accounts Receivable |
$410,702 |
$332,416 |
|
Total Assets |
$3,162,942 |
$3,349,434 |
|
Short-Term Debt |
$1,002,761 |
$480,873 |
|
Long-Term Debt |
$4,101,884 |
$4,634,908 |
|
Total Liabilities |
$5,104,645 |
$5,115,781 |
Financials as of: 05/08/2023
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