Cake Hoopla
DIY cake decorating
Overview
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
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.50%
Term Length
3.0 years
Rolling Commitments ($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
$1,637
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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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