Boichik Bagels

Growth Stage

Retail Bakery

Analytics

Raised to Date: 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
likely
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

Business Type

Life Style

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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Boichik Bagels on SMBX 2022
$
Platform: SMBX
Security Type: Debt

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