Cleveland Bakery Collective

Cleveland Bakery Collective

Closed: May. 2021

About this raise: Cleveland Bakery Collective, the retail outlet for Pierogi Pantry, is raising funds on Honeycomb. The business will serve delicious comfort food at farmers’ markets, local events, and wholesale to local restaurants. The retail location will sell the products directly to consumers. Nikki Odongray founded Cleveland Bakery Collective in 2017. The proceeds of the current crowdfunding round, with a minimum target of $20,000 and a maximum target of $85,000, will be used to purchase kitchen equipment, hood, and refrigerator and fund other startup costs. Cleveland Bakery Collective will sell the products of Pierogi Pantry and other local small food brands.

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Investment Overview

Not Funded: $5,500

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
03/29/2021
Close Date
05/11/2021
Min. Goal
$20,000
Max. Goal
$85,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Lorain, Ohio
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Jay Odongray
Title
Owner
Founder Name
Nikki Odongray
Title
Co-Owner

Financials

 Revenue
$500
 Monthly Burn
$204
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$500

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,449

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$10,300

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/11/2021 Honeycomb - $5,500 Debt Not Funded RegCF
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Cleveland Bakery Collective on Honeycomb
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Cleveland Bakery Collective may no longer be accepting investments.

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