Evanly Bakes

Evanly Bakes

Closed: Sep. 2024

About this raise

Evanly Bakes is raising funds on Honeycomb. It is a bakery in Pittsburgh, Pennsylvania, that specializes in gourmet brownies, blondies, cake jars, and custom cakes. Evanly Bakes sells its products at various markets, food events, and festivals and also ships them nationwide. The business makes innovative products using high-quality ingredients and also caters to people with food allergies. Evan Morgan-Newpher founded Evanly Bakes in January 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used to purchase a commercial oven, a reach-in freezer, a reach-in refrigerator, a commercial delivery vehicle, work tables, storage bins, a mobile cooking rack, a sink, and commercial mixers.

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Investment Overview

Invested this round: $48,240

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
08/27/2024
Close Date
09/29/2024
Min. Goal
$25,000
Max Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
William (Evan) Morgan-Newpher
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$15,476
 Monthly Burn
Profitable
 Cash on Hand
$259
Gross Margin
90%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$15,476

$0

COGS

$1,595

$0

Tax

$0

$0

 

 

Net Income

$8,013

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$259

$0

Accounts Receivable

$0

$0

Total Assets

$8,013

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
09/29/2024 Honeycomb - $48,240 Debt Funded RegCF
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Evanly Bakes on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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