Hiatus Cheesecake
Bakery
Overview
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
Create a free account today to gain access to KingsCrowd analytics.
Location
Baltimore, Maryland
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.