Evanly Bakes
Bakery
Overview
Raised: $26,890
Total Commitments ($USD)
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
Interest Rate
13.00%
Term Length
3.0 years
Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 08/27/2024
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Evanly Bakes | 09/29/2024 | Honeycomb | - | $26,890 | Debt | Active | RegCF |
No prior online funding rounds.
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