Frannie Franks Coffee Cakes
About this raise
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.
Investment Overview
Invested : $57,750
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 02/06/2024
- Close Date
- 03/06/2024
$55,000
$110,000
$100
Debt
Pre-Seed
RegCF
13.00%
3.0 years
Company & Team
Company
- Year Founded
- 2010
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +22% YoY
- $268,780
- Monthly Burn
- Profitable
- Cash on Hand
- $2,655
- Gross Margin
- 71%
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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 |
|---|---|---|---|---|---|---|
| 03/06/2024 | Honeycomb | - | $57,750 | Debt | Funded | RegCF |