Blanket Pancakes & Syrup

Blanket Pancakes & Syrup

Growth Stage

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Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

StartEngine

Start Date

12/13/2023

Close Date

03/13/2024

Min. Goal
$15,000
Max. Goal
$1,234,990
Min. Investment

$250

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$11,000,000

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Mint Hill, North Carolina

Business Type

Growth

Blanket Pancakes & Syrup, with a valuation of $11 million, is raising funds on StartEngine. The company makes all-natural and delicious pancake mixes that cater to health-conscious customers. Blanket Pancakes & Syrup does not use any artificial sweeteners, eggs, bleached flour, GMOs, or preservatives in its preparations and only uses natural ingredients that the body recognizes. The business sells through major retailers like Walmart, Meijer, Food Lion, Giant Foods, and Hannaford and has generated $1 million in sales in 2023. Deven Alexander Carter and Marquita Michelle Carter founded Blanket Pancakes & Syrup in June 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$289,592

$336,911

COGS

$209,702

$11,900

Tax

$0

$0

 

 

Net Income

$-184,282

$244,170

Summary Balance Sheet

FY 2022 FY 2021

Cash

$79,208

$253,598

Accounts Receivable

$583

$0

Total Assets

$322,701

$294,421

Short-Term Debt

$118,977

$51,761

Long-Term Debt

$294,698

$11,920

Total Liabilities

$413,675

$63,681

Financials as of: 12/13/2023
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Blanket Pancakes & Syrup on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,000,000
Price per Share: $5.00

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