Hope's Caramels
Nonchocolate Confectionary Manufacturing
Overview
Raised: $100,000
Total Commitments ($USD)
Platform
SMBX
Start Date
05/22/2023
Close Date
07/05/2023
Min. Goal
$20,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,326
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
CLAYMONT, Delaware
Hope’s Caramels is raising funds on SMBX. It is a caramel manufacturer in West Chester, Pennsylvania, that makes delicious caramel. The business sells its products through 15 retail stores across five states in the US and aims to expand further. Hope’s Caramels is engaged with thousands of customers and can also be found at various farmers’ markets and festivals throughout the year. Hope and Brady Shuert founded Hope’s Caramels in January 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $100,000. The campaign proceeds will be used to purchase new cutting, wrapping, and labeling equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$142,977 |
$99,368 |
|
COGS |
$34,154 |
$20,259 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$36,344 |
$45,800 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$6,944 |
$4,101 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$19,060 |
$25,252 |
|
Short-Term Debt |
$-1,201 |
$0 |
|
Long-Term Debt |
$10,550 |
$10,600 |
|
Total Liabilities |
$9,349 |
$10,600 |
Financials as of: 05/22/2023
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