Boichik Bagels
Growth Stage
Retail Bakery
Analytics
Raised: $596,260
Aggregate Commitments $
Platform
SMBX
Start Date
06/23/2022
Close Date
09/14/2022
Min. Goal
$200,000
Max. Goal
$1,000,000
Min. Investment
$10
Security Type
Debt
Funding Type
RegCF
Series
Seed
Rolling Commitments $
Status
Active
Reporting Date
08/13/2022
Days Remaining
32
% of Min. Goal
298%
% of Max. Goal
60%
Likelihood of Max
Avg. Daily Raise
$11,691
Momentum
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Location
Berkeley, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Boichik Bagels is raising funds on SMBX. The company has recreated one of the most iconic bagels of New York City. The business works through wholesale, web order pickups, and its own delivery system. Boichik Bagels has been a hit since its launch and has been named “the best bagel in the country” by New York Times. Emily Winston founded Boichik Bagels in June 2018. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,000,000. The campaign proceeds will be used for equipment and construction costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,218,827 |
$2,539,753 |
|
COGS |
$739,151 |
$450,436 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$1,786,922 |
$774,648 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,555,322 |
$600,216 |
|
Accounts Receivable |
$48,962 |
$10,953 |
|
Total Assets |
$2,094,509 |
$933,381 |
|
Short-Term Debt |
$49,373 |
$12,654 |
|
Long-Term Debt |
$42,201 |
$159,035 |
|
Total Liabilities |
$91,574 |
$171,689 |
Financials as of: 06/23/2022
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