Frannie Franks Coffee Cakes

Frannie Franks Coffee Cakes

Bakery

Bakery

Overview

Raised to Date: Raised: $34,950

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/05/2024

Close Date

03/05/2024

Min. Goal
$55,000
Max. Goal
$110,000
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

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/29/2024

Days Remaining

5

% of Min. Goal

64%

% of Max. Goal

32%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,456

# of Investors

28

Momentum
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Year Founded

2010

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Independence, Missouri

Business Type

Life Style

Frannie Franks Coffee Cakes is raising funds on Honeycomb. It is a renowned and award-winning coffee cake company in Kansas City, Missouri. Frannie Franks Coffee Cakes makes delectable cakes using a recipe spanning three generations and offers over 147 flavors of cakes in regular, dairy-free, and gluten-free options. The business has a loyal customer base and reported a revenue of $268,780 and a net income of $160,670 in 2023. Jill McEnroe founded Frannie Franks Coffee Cakes in June 2010. The current crowdfunding campaign has a minimum target of $55,000 and a maximum target of $110,000. The campaign proceeds will be used for purchasing two additional ovens, two refrigerators, two bakery cases, custom packaging, branded items, and six production tables, the acquisition and construction of a second location, and hiring.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$268,780

$220,595

COGS

$76,644

$64,801

Tax

$0

$0

 

 

Net Income

$160,670

$131,563

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,655

$2,398

Accounts Receivable

$6,700

$3,279

Total Assets

$173,750

$142,880

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 02/05/2024
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Frannie Franks Coffee Cakes on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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