CounterspaceBR
Bakery
Overview
Raised: $53,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/21/2022
Close Date
09/04/2022
Min. Goal
$30,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,178
# of Investors
58
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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: 07/21/2022
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