Hella Bagels
Bakeries
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
SMBX
Start Date
06/29/2023
Close Date
08/04/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,543
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
OAKLAND, California
Hella Bagels is raising funds on SMBX. It is a bagel business in Oakland, California, aiming to open its first brick-and-mortar location. The bagels of Hella Bagels have been perfected over the years as the company grew from a home-based business to a commercial kitchen and to popup shops in the Bay Area. Hella Bagels has been featured in Diablo Magazine, the San Francisco Chronicle, and Berkeleyside NOSH. Blake Hunter founded Hella Bagels in May 2022. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment purchases, store buildout, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$102,426 |
$155,781 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$48,723 |
$82,227 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$53,636 |
$16,122 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$57,136 |
$18,872 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/29/2023
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