Kai's Baking Studio
SPECIALTY FOODS
Overview
Raised: $43,670
Total Commitments ($USD)
Platform
SMBX
Start Date
04/22/2021
Close Date
06/30/2021
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/03/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$642
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Kai’s Baking Studio, a specialty bakery in Houston, TX, is raising crowdfunding on SMBX. The bakery makes customer-focused keto and gluten-free baked goods. The offerings include sweets and savories, including cookies, bagels, kolaches, and pizza rolls. Taneka Walker and Rod Walker founded Kai’s Baking Studio in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $100,000, will be used towards equipment, marketing, working capital, packaging, and logistics. Kai’s Baking Studio plans to transition from a retail bakery to a wholesale production. The business also plans to implement marketing strategies and increase its sales.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$109,924 |
$71,059 |
|
COGS |
$43,322 |
$29,466 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,546 |
$2,196 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$11,419 |
$8,298 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$15,540 |
$12,221 |
|
Short-Term Debt |
$16,487 |
$5,117 |
|
Long-Term Debt |
$-6 |
$559 |
|
Total Liabilities |
$16,481 |
$5,676 |
Financials as of: 04/22/2021
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