IZOLA

Growth Stage

Croissants | Wild Sourdough

Overview

Raised to Date: Raised: $21,000

Total Commitments ($USD)

Platform

MainVest

Start Date

03/14/2023

Close Date

03/01/2024

Min. Goal

$100,000

Max. Goal

$3,900,600

Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$25,435,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/27/2023

Days Remaining

340

% of Min. Goal

21%

% of Max. Goal

1%

Likelihood of Max
unlikely
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

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 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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IZOLA on MainVest 2023
Platform: MainVest
Security Type: Equity - Common
Valuation: $25,435,000

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