Bread is Good
Bakery
Overview
Raised: $100,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/29/2022
Close Date
08/15/2022
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,174
# of Investors
73
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Bread is Good is raising funds on Honeycomb. The company provides a weekly bread subscription service to certain areas in Atlanta, Georgia. The business offers a menu of wholesale offerings to markets and restaurants and also conducts pop-up pastry and bread events in and around the city. The bread of Bread is Good is made using high-quality ingredients and fewer preservatives and supports local businesses. Sarah Dodge founded Bread is Good in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for kitchen equipment, rent, building update, smallware, furniture, employee wages, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$54,137 |
$0 |
|
COGS |
$17,000 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$17,793 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,025 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$21,225 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/29/2022
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