CounterspaceBR

CounterspaceBR

Bakery

Bakery

Overview

Raised this Round: Raised: $53,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

07/20/2022

Close Date

09/04/2022

Min. Goal
$30,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

5.0 years

Year Founded

2017

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Baton Rouge, Louisiana

Business Type

Life Style

CounterspaceBR is raising funds on Honeycomb. It is a small-batch, from-scratch bakery in Baton Rouge, Louisiana. The bakery makes fresh cakes, cookies, brownies, other sweets, and fresh bread daily. CounterspaceBR is known for its salted chocolate chip cookie that accounts for one-third of the business’ revenue and also ships king cakes. The business has also started selling everyday kitchenware to its customers, including bakeware, utensils, and cookbooks. Sarah Joy Hays founded CounterspaceBR in January 2017. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $100,000. The campaign proceeds will be used for oven installation, inventory, debt refinancing, and contractor balance.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$161,583

$169,880

COGS

$67,351

$39,842

Tax

$0

$0

 

 

Net Income

$-76,815

$-11,611

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$11,198

$2,607

Accounts Receivable

$0

$0

Total Assets

$15,513

$6,922

Short-Term Debt

$4,539

$0

Long-Term Debt

$250,856

$55,456

Total Liabilities

$255,395

$55,456

Financials as of: 07/20/2022
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CounterspaceBR on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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