Bakeshack
Bakery
Overview
Raised: $60,000
Total Commitments ($USD)
Platform
MainVest
Start Date
09/17/2023
Close Date
10/25/2023
Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.00%
Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Bakeshack is raising funds on MainVest. The business bakes and sells artisanal breads and pastries at a number of farmers’ markets. Bakeshack’s history goes a long way back when the company partnered with like-minded bakers in Los Angeles and lobbied the City Council to pass a Cottage Food bill in California in 2012. The business has a loyal customer base and plans to open its first physical location soon. Marlon Gokim founded Bakeshack in February 2012. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used to open its brick-and-mortar location.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$98,221 |
$95,915 |
|
COGS |
$36,014 |
$33,847 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-41,145 |
$-32,481 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$10,323 |
$1,121 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,202 |
$2,661 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$22,500 |
$22,500 |
|
Total Liabilities |
$22,500 |
$22,500 |
Financials as of: 09/17/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Bakeshack | 10/25/2023 | MainVest | - | $60,000 | Revenue Share | Funded | RegCF |
No prior online funding rounds.
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