Bakeshack

Bakeshack

Bakery

Bakery

Overview

Raised to Date: Raised: $37,100

Total Commitments ($USD)

Platform

MainVest

Start Date

09/17/2023

Close Date

11/17/2023

Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

48

% of Min. Goal

124%

% of Max. Goal

62%

Likelihood of Max
extremely
Avg. Daily Raise

$2,854

# of Investors

28

Momentum
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Year Founded

2012

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Location

Torrance, California

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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Bakeshack on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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