IZOLA

IZOLA

Croissants | Wild Sourdough

Croissants | Wild Sourdough

Overview

Raised this Round: Raised: $101,900

Total Commitments ($USD)

Platform

MainVest

Start Date

05/04/2022

Close Date

06/09/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.20X

Year Founded

2005

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

Margin

Low

Capital Intensity

Low

Location

San Diego, California

Business Type

Life Style

IZOLA is raising funds on MainVest. It is a top bakery in San Diego that makes croissants and warm sourdough. The business is reinventing the American bakery with its superior products, elevated hospitality, and warm hot-from-the-oven offerings. The products are made using high-quality ingredients and served hot all day. IZOLA has generated a 384% year-over-year growth and has reached profitability in less than two years. Jeffrey Brown and Jennifer Chen founded IZOLA in January 2005. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for the buildout of the hybrid production and cafe space.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$92,917

$52,336

Tax

$8,678

$3,432

 

 

Net Income

$-58,980

$12,704

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$52,949

$32,977

Accounts Receivable

$0

$0

Total Assets

$81,017

$50,864

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/04/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
IZOLA 02/29/2024 MainVest $25,435,000 $539,300 Equity - Common Funded RegCF
IZOLA 01/30/2023 MainVest - $1,005,500 Revenue Share Funded RegCF
IZOLA 06/08/2022 MainVest - $101,900 Revenue Share Funded RegCF
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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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IZOLA on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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