Breadbelly

Breadbelly

[Closed for Investment] Breadbelly is raising funds on SMBX. The cafe is located in San Francisco, California, and serves a menu inspired by Asian and American culinary traditions. Breadbelly is known for its warm hospitality and seasonally-focused food and beverage and delivers a comfortable and refined cafe dining experience. The business has a loyal customer base and is looking to expand into catering, wholesale, and CPG vending. Clement Hsu, James Wong, and Katherine Campesino-Wong founded Breadbelly in January 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $400,000. The campaign proceeds will be used for opening a new manufacturing facility and a new retail location and marketing.

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Investment Overview

Raised this Round: Raised: $416,960

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
07/10/2024
Close Date
09/24/2024
Min. Goal
$10,000
Max. Goal
$400,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Company & Team

Company

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

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Katherine Campecino-Wong
Title
Managing Member
Founder Name
Clement Hsu
Title
Managing Member
Founder Name
James Wong
Title
Managing Member

Financials

as of Fiscal Year 2023
 Revenue +29% YoY
$1,616,256
 Monthly Burn
Profitable
 Cash on Hand
$62,219
Gross Margin
77%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,616,256

$1,250,636

COGS

$373,933

$318,695

Tax

$0

$0

 

 

Net Income

$171,970

$110,277

Summary Balance Sheet

FY 2023 FY 2022

Cash

$62,219

$12,519

Accounts Receivable

$28,172

$14,180

Total Assets

$237,769

$181,294

Short-Term Debt

$67,810

$34,938

Long-Term Debt

$21,272

$0

Total Liabilities

$89,082

$34,938

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/24/2024 SMBX - $416,960 Debt Funded RegCF
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Breadbelly on SMBX 2024
Platform: SMBX
Security Type: Debt

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