It’s Baked Baby
Food Truck
Overview
Raised: $28,245
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/05/2023
Close Date
05/19/2023
Min. Goal
$25,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$657
# of Investors
30
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
It’s Baked Baby is raising funds on Honeycomb. It is a food business in Atlanta, Georgia, that makes and sells innovative loaded baked potatoes. The jacket potatoes of It’s Baked Baby come with their house-made and dairy-free cheese sauce and are made using locally-sourced ingredients. It’s Baked Baby also brings the community together through its comfort food and has been voted as the best place to eat in Shanita Miller’s Black Girl’s Guide to Atlanta. Dianna Palmer founded It’s Baked Baby in June 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $60,000. The campaign proceeds will be used for purchasing a food truck, refinancing debt, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$204,763 |
$129,550 |
|
COGS |
$73,715 |
$44,941 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$16,169 |
$-3,116 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$28,973 |
$14,284 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$43,053 |
$31,884 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$10,000 |
$15,000 |
|
Total Liabilities |
$10,000 |
$15,000 |
Financials as of: 04/05/2023
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