BakedCravings
Early Stage
We Bake'em, You Crave'em
Overview
Raised: $22,967
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/13/2022
Close Date
06/29/2022
Min. Goal
$9,997
Max. Goal
$1,069,998
Min. Investment
$247
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.25
Pre-Money Valuation
$11,700,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$170
# of Investors
20
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
BakedCravings, with a valuation of $11.7 million, is raising funds on StartEngine. It is a commercial bakery that bakes fresh and nut-free cupcakes. The bakery specializes in cupcakes, brownies, hand-decorated cookies, edible image cookies, donuts, muffins, and custom cakes. BakedCravings has secured a partnership with Bright Horizon, which supplies daycare to corporate clients, including Adobe and L’Oreal. Craig Watson founded BakedCravings in February 2017. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1,069,997.50. The campaign proceeds will be used for introducing new packaging and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$125,000 |
$282,961 |
|
COGS |
$41,615 |
$89,538 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,629 |
$3,492 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$61,695 |
$4,442 |
|
Accounts Receivable |
$3,468 |
$1,622 |
|
Total Assets |
$111,887 |
$33,211 |
|
Short-Term Debt |
$138,562 |
$70,634 |
|
Long-Term Debt |
$93,703 |
$18,470 |
|
Total Liabilities |
$232,265 |
$89,104 |
Financials as of: 02/13/2022
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