Batter ’N Bowl Bakery
Bakery
Overview
Raised: $10,689
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/10/2023
Close Date
11/27/2023
Min. Goal
$25,000
Max. Goal
$30,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/28/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$223
# of Investors
30
Momentum
Not Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Batter ’N Bowl Bakery is raising funds on Honeycomb. The bakery is based in Atlanta, Georgia, and specializes in southern desserts and pastries. Batter ’N Bowl Bakery’s desserts offer a rich and delectable taste and are loved by the customers and clients for their high-quality ingredients. The business has an online presence and has partnered with nationwide Farmers Markets to provide products to customers regionally. Michelle Glover founded Batter ’N Bowl Bakery in January 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $30,000. The campaign proceeds will be used for hiring and staffing, equipment, inventory, licenses and insurance, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$8,213 |
$7,099 |
|
COGS |
$4,417 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,222 |
$-6,507 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,826 |
$1,826 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,826 |
$1,826 |
|
Short-Term Debt |
$9,062 |
$9,062 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$9,062 |
$9,062 |
Financials as of: 10/10/2023
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