Bywater & The Bakeshop
Bakery
Overview
Raised: $98,900
Total Commitments ($USD)
Platform
MainVest
Start Date
02/12/2023
Close Date
04/21/2023
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
1.70%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,476
# of Investors
157
Momentum
Funded
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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
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$691,523 |
$514,174 |
|
COGS |
$240,193 |
$480,770 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-173,668 |
$-2,526 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 02/12/2023
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