Bagel Kitchen
Bagel Shop
Overview
Raised: $61,800
Total Commitments ($USD)
Platform
MainVest
Start Date
10/04/2023
Close Date
01/26/2024
Min. Goal
$60,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
1.35%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$547
# of Investors
53
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Bagel Kitchen is raising funds on MainVest. It is a bagel shop in Grand Rapids, Michigan that serves a variety of authentic bagels. Bagel Kitchen’s bagels are boiled and hand-rolled and made using high-quality ingredients. The kitchen also serves bagel sandwiches and a strong beverage menu and delivers exceptional customer experiences. Marc Schulz and Shannon Schulz founded Bagel Kitchen in February 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $1 million. The campaign proceeds will be used for the buildout, electrical work, general equipment, and a hood vent for the second location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$331,104 |
$125,227 |
|
COGS |
$254,497 |
$33,524 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-10,210 |
$-11,203 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/04/2023
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