Hiatus Cheesecake

Bakery

Overview

Raised to Date: Raised: $19,150

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/08/2022

Close Date

12/30/2022

Min. Goal

$25,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

Funding Type

RegCF

Interest Rate

13.00%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2023

Days Remaining
Funded
% of Min. Goal

77%

% of Max. Goal

15%

Likelihood of Max
Funded
Avg. Daily Raise

$368

# of Investors

43

Momentum
Funded
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Location

Baltimore, Maryland

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Life Style

Hiatus Cheesecake is raising funds on Honeycomb. The bakery is based in Baltimore, Maryland, and crafts high-quality gourmet cheesecakes from scratch. The delicious cheesecakes of Hiatus are made using organic and natural ingredients and come in a unique selection of flavors for both in-restaurant consumption and a grab-and-go option. Hiatus Cheesecake has reported a 50% growth in sales since the beginning of 2021 and projects its gross revenue to increase by more than 2,000% by the end of 2023. Matthew Featherstone founded Hiatus Cheesecake in September 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for a delivery vehicle, equipment, marketing, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$101,775

$82,030

COGS

$15,555

$10,201

Tax

$0

$0

 

 

Net Income

$5,513

$15,700

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,558

$19,573

Accounts Receivable

$1,822

$718

Total Assets

$47,308

$20,291

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/08/2022
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Hiatus Cheesecake on Honeycomb 2022
$
Platform: Honeycomb
Security Type: Debt

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