Kai's Baking Studio

SPECIALTY FOODS

Overview

Raised to Date: Raised: $43,670

Total Commitments ($USD)

Platform

SMBX

Start Date

04/23/2021

Close Date

06/30/2021

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

Funding Type

RegCF

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/04/2021

Days Remaining
Funded
% of Min. Goal

175%

% of Max. Goal

44%

Likelihood of Max
Funded
Avg. Daily Raise

$642

Momentum
Funded
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Location

Houston, Texas

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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: 04/23/2021
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Kai’s Baking Studio on SMBX
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Platform: SMBX
Security Type: Debt

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