Boichik Bagels (2022)

Boichik Bagels (2022)

Closed: Sep. 2022

About this raise

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.

Expand

Investment Overview

Invested this round: $1,433,500

Deal Terms

Total Commitments

Platform
SMBX
Start Date
06/23/2022
Close Date
09/26/2022
Min. Goal
$200,000
Max Goal
$1,000,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

7.50%

Term Length

7.0 years

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Berkeley, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
33
Prior Founder Exits?
No
Founder Name
Emily Winston
Title
Owner

Financials

 Revenue +66% YoY
$4,218,827
 Monthly Burn
Profitable
 Cash on Hand
$1,555,322
 Gross Margin
82%
View Detailed Financials Expand

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
Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/15/2023 SMBX - $406,870 Debt Funded RegCF
09/26/2022 SMBX - $1,433,500 Debt Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Boichik Bagels on SMBX 2022
Platform: SMBX
Security Type: Debt

Follow company

Follow Boichik Bagels on SMBX 2022
View on SMBX

Buy Boichik Bagels's Deal Report

Warning: according to the close date for this deal, Boichik Bagels may no longer be accepting investments.

Boichik Bagels Deal Report

Get Kingscrowd's comprehensive report on Boichik Bagels including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Boichik Bagels is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Boichik Bagels deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge