Got Kosher Bakery

Got Kosher Bakery

Closed: Jul. 2024

About this raise

Got Kosher Bakery is raising funds on SMBX. The bakery in Los Angeles, California, is known for its unique pretzel challah. Got Kosher Bakery makes traditional challahs, dips the bread into a pretzel solution, and adds chocolate chunks, olives, rosemary, apples, raisins, or honey to create its innovative pretzel challahs. The business makes 15 flavors of its product and sells through multiple grocery stores, including Whole Foods and Gelson’s. Alain Cohen founded Got Kosher Bakery in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for working capital to lease a larger baking facility and remodel the cafe.

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Investment Overview

Invested this round: $126,660

Deal Terms

Total Commitments

Platform
SMBX
Start Date
06/17/2024
Close Date
07/18/2024
Min. Goal
$10,000
Max Goal
$100,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Los Angeles, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Alain Cohen
Title
Owner and Managing Member

Financials

 Revenue
$286,559
as of FY2023
 Monthly Burn
$1,119
as of FY2023
 Runway
5.9 months
as of FY2023
 Gross Margin
37%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$286,559

$0

COGS

$181,687

$0

Tax

$0

$0

 

 

Net Income

$-13,422

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,578

$0

Accounts Receivable

$24,612

$0

Total Assets

$93,114

$0

Short-Term Debt

$107,555

$0

Long-Term Debt

$0

$0

Total Liabilities

$107,555

$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
07/18/2024 SMBX - $126,660 Debt Funded RegCF
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Got Kosher Bakery on SMBX 2024
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Got Kosher Bakery may no longer be accepting investments.

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