Figg’s Ordinary

Figg’s Ordinary

Bakery

Bakery

Overview

Raised to Date: Raised: $36,904

Total Commitments ($USD)

Platform

Honeycomb

Start Date

03/08/2023

Close Date

04/23/2023

Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$820

# of Investors

39

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Chestertown, Maryland

Business Type

Growth

Figg’s Ordinary is raising funds on Honeycomb. It is a bakery based in Chestertown, Maryland, known for its gluten-free crackers. It is a dedicated gluten and refined sugar-free bakery and cafe and uses high-quality ingredients to make its bread, pizza crusts, pie shells, muffins, scones, brownies, and cookies. Figg’s Ordinary also serves artisan coffee, teas, organic smoothies, salads, sandwiches, quiches, and soups. Ingrid Hansen founded Figg’s Ordinary in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for employee wages and expenses, insurance, purchasing a floor mixer, small ware and supplies, packaging, website, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$110,007

$0

COGS

$31,535

$0

Tax

$0

$0

 

 

Net Income

$-52,622

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,080

$0

Accounts Receivable

$0

$0

Total Assets

$76,796

$0

Short-Term Debt

$0

$0

Long-Term Debt

$44,304

$0

Total Liabilities

$44,304

$0

Financials as of: 03/08/2023
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Figg’s Ordinary on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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