Kettlebread Franchising Corporation
Early Stage
Suspiciously Awesome Sandwiches
Overview
Raised: $425,337
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/20/2022
Close Date
09/21/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.25
Pre-Money Valuation
$5,625,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,623
# of Investors
363
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Kettlebread Franchising Corporation, with a valuation of $5.63 million, is raising funds on StartEngine. It is a premium fast-casual sandwich shop in Southwick, MA. The deli shop makes and sells all-natural specialty sandwiches, house-made soups and chowders, and chef-inspired salads. Kettlebread Franchising Corporation has franchising and scalability in mind with its highly scalable operations and highly transferable processes. Edward J. Grimaldi founded Kettlebread Franchising Corporation in March 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for franchising and launching new products.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$715,584 |
$411,791 |
|
COGS |
$515,440 |
$328,574 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-13,689 |
$-36,090 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,948 |
$14,110 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$162,483 |
$144,137 |
|
Short-Term Debt |
$40,610 |
$41,424 |
|
Long-Term Debt |
$135,643 |
$164,724 |
|
Total Liabilities |
$176,253 |
$206,148 |
Financials as of: 06/20/2022
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