Bywater & The Bakeshop

Bakery
Overview
Raised: $85,200
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
29
% of Min. Goal
114%
% of Max. Goal
69%
Likelihood of Max
Avg. Daily Raise
$2,242
# of Investors
121
Momentum
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Bywater & The Bakeshop is raising funds on MainVest. Bywater opened as a food and dining destination and exceeded original sales projections by 20% in the first two years of operations. Post-COVID-19, the business pivoted to retail, takeout, corporate gifting, prepared meals, and then opened The Bakeshop. Katherin Dickson founded Bywater & The Bakeshop in October 2014. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used to secure a lease and begin buildout for The Bakeshop, refinance the liabilities, hire new team members, invest in marketing and PR, and improve the exterior.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$691,523 |
$514,174 |
COGS |
$240,193 |
$480,770 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-173,668 |
$-2,526 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$46,827 |
$52,256 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$216,241 |
$243,650 |
Short-Term Debt |
$124,585 |
$72,018 |
Long-Term Debt |
$200,569 |
$179,058 |
Total Liabilities |
$325,154 |
$251,076 |
Financials as of: 02/13/2023
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