Christopher's Bakery
Retail Bakery
Overview
Raised: $42,700
Total Commitments ($USD)
Platform
SMBX
Start Date
05/09/2023
Close Date
06/06/2023
Min. Goal
$10,000
Max. Goal
$25,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
3
% of Min. Goal
427%
% of Max. Goal
171%
Likelihood of Max
Avg. Daily Raise
$1,708
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Christopher’s Bakery is raising funds on SMBX. It is a bakery based in the Dallas-Fort Worth area of Texas that makes over 20 delicious baked products. The products of Christopher’s Bakery include vanilla wafer cakes and muffins, pound and cocoa pound cakes, red velvet cake, German chocolate cake, and many more, including some gluten-free alternatives. Christopher’s Bakery is also socially conscious, as it donates a percentage of its sales to epilepsy research in memory of Christopher. Courtenay Harris founded Christopher’s Bakery in January 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $25,000. The campaign proceeds will be used for the commercial kitchen lease and baking equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$11,046 |
$5,164 |
|
COGS |
$1,857 |
$3,140 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-214 |
$-20,634 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,755 |
$4,787 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$5,755 |
$4,787 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$21,969 |
$18,984 |
|
Total Liabilities |
$21,969 |
$18,984 |
Financials as of: 05/09/2023
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