Hot Oven Cookies (2021)

Hot Oven Cookies (2021)

About this raise

Hot Oven Cookies, a bakery in Springfield, MA, is raising crowdfunding on MainVest. The business makes high-quality and homemade cookies in over 500 flavors on a rotational menu. The bakery also offers take and bake cookie dough, cookie sundae, cookie sammies, drinks, merchandise, and catering services. Sheila Coon founded Hot Oven Cookies in April 2019. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $30,000, and the funds will be used to buy additional ovens and maintenance. Hot Oven Cookies has proven demand for its cookies and has a flourishing business model. The business now operates one cookie cart and two storefronts in Springfield.

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Investment Overview

Invested this round: $14,300

Deal Terms

Total Commitments

Platform
MainVest
Start Date
05/05/2021
Close Date
06/25/2021
Min. Goal
$10,000
Max Goal
$30,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Springfield, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Sheila Coon
Title
Owner & Baker

Financials

 Revenue
$105,164
 Cash on Hand
$1,000
Gross Margin
67%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$105,164

$0

COGS

$35,199

$0

Tax

$0

$0

 

 

Net Income

$40,121

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,000

$0

Accounts Receivable

$0

$0

Total Assets

$12,737

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/25/2021 MainVest - $14,300 Revenue Share Funded RegCF
05/20/2020 MainVest - $14,200 Revenue Share Funded RegCF
02/27/2020 MainVest - $0 Revenue Share Not Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Hot Oven Cookies on MainVest
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Hot Oven Cookies may no longer be accepting investments.

Hot Oven Cookies Deal Report

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