Carina's Bakery

Carina's Bakery

Closed: Sep. 2024

About this raise

Carina’s Bakery is raising funds on Honeycomb. It is a bakery in Beaverton, Oregon that uses Scandinavian traditions and Oregon techniques to create its baked goods. Carina’s Bakery’s offerings are vegan, soy-free, and mostly gluten-free, and are made by employees 90% of whom have some kind of disability. The business has a loyal customer base and has won several awards, including the Best Bakery in Beaverton in 2022 and 2023. Carina Comer founded Carina’s Bakery in April 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to hire a store manager, acquire equipment, and build a new production and retail space.

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Investment Overview

Invested this round: $50,961

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/29/2024
Close Date
09/30/2024
Min. Goal
$50,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Beaverton, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Carina Comer
Title
Owner & CEO

Financials

as of Fiscal Year 2023
 Revenue +12% YoY
$305,209
 Monthly Burn
Profitable
 Cash on Hand
$27,238
Gross Margin
77%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$305,209

$271,384

COGS

$69,252

$76,374

Tax

$0

$0

 

 

Net Income

$3,995

$-25,102

Summary Balance Sheet

FY 2023 FY 2022

Cash

$27,238

$11,125

Accounts Receivable

$1,200

$841

Total Assets

$60,171

$58,456

Short-Term Debt

$8,222

$4,763

Long-Term Debt

$225

$2,114

Total Liabilities

$8,447

$6,877

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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
09/30/2024 Honeycomb - $50,961 Debt Funded RegCF
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Carina’s Bakery on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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