Blackmarket Bakery
Bakery
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/08/2023
Close Date
07/21/2023
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,884
# of Investors
60
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Blackmarket Bakery is raising funds on Honeycomb. It is a well-known bakery with its commissary kitchen in Irvine, California, and three retail bakeries. The commissary kitchen makes doughs, fillings, and confections and delivers them to the retail locations to be converted into breads, cakes, tarts, and breakfast pastries. Blackmarket Bakery also serves sandwiches, lattes, and small-batch chocolates. Rachel Klemek and Alison Horn founded Blackmarket Bakery in February 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for kitchen equipment, display cases, POS system, and equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,440,467 |
$1,743,609 |
|
COGS |
$442,987 |
$1,123,779 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$125,811 |
$151,631 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$33,149 |
$233,549 |
|
Accounts Receivable |
$12,538 |
$0 |
|
Total Assets |
$1,988,909 |
$1,523,611 |
|
Short-Term Debt |
$64,323 |
$286,404 |
|
Long-Term Debt |
$632,493 |
$252,158 |
|
Total Liabilities |
$696,816 |
$538,562 |
Financials as of: 06/08/2023
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