IZOLA
Croissants | Wild Sourdough
Overview
Raised: $21,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
340
% of Min. Goal
21%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$1,615
# of Investors
11
Momentum
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Year Founded
2005
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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 245% 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 $100,000 and a maximum target of $3.9 million. The campaign proceeds will be used for real estate acquisition and improvement, equipment upgrade, software development, development of distribution channels, hiring, training, and cash reserves.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$351,183 |
$135,774 |
COGS |
$127,633 |
$42,169 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-131,065 |
$-84,373 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$100,204 |
$45,353 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$210,734 |
$73,421 |
Short-Term Debt |
$66,934 |
$8,951 |
Long-Term Debt |
$304,392 |
$128,029 |
Total Liabilities |
$371,326 |
$136,980 |
Financials as of: 03/14/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
IZOLA | 03/01/2024 | MainVest | $25,435,000 | $21,000 | Equity - Common | Active | RegCF |
IZOLA | 01/31/2023 | MainVest | - | $1,005,500 | Revenue Share | Funded | RegCF |
IZOLA | 06/09/2022 | MainVest | - | $101,900 | Revenue Share | Funded | RegCF |
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