Cake Hoopla

Cake Hoopla

DIY cake decorating

DIY cake decorating

Overview

Raised this Round: Raised: $49,110

Total Commitments ($USD)

Platform

SMBX

Start Date

03/27/2023

Close Date

04/27/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Tigard, Oregon

Business Type

Life Style

Cake Hoopla is raising funds on SMBX. The business makes and sells DIY kits for cake decorating and offers cake decorating parties and workshops. The company makes fancy cake decorating easy and accessible so kids and adults can enjoy the experience and create beautiful and delicious cakes without a lot of mess. Cake Hoopla is also committed to sustainable practices and uses biodegradable and compostable containers, natural fiber insulation, and reusable gel packs. Joslyn Keating founded Cake Hoopla in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for building out the first cake studio in Tigard, Oregon.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$10,336

$0

COGS

$231

$0

Tax

$0

$0

 

 

Net Income

$-34,008

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$48,356

$0

Accounts Receivable

$0

$0

Total Assets

$58,736

$0

Short-Term Debt

$-480

$0

Long-Term Debt

$26,000

$0

Total Liabilities

$25,520

$0

Financials as of: 03/27/2023
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Cake Hoopla on SMBX 2023
Platform: SMBX
Security Type: Debt

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