Hiatus Cheesecake

Hiatus Cheesecake

Bakery

Bakery

Overview

Raised this Round: Raised: $35,500

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/07/2022

Close Date

12/30/2022

Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Term Length

5.0 years

Year Founded

2016

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Baltimore, Maryland

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: 11/07/2022
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Hiatus Cheesecake on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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