Legacy Pie Co.
Bakery
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
MainVest
Start Date
11/02/2022
Close Date
01/20/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
620%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$1,570
# of Investors
170
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Legacy Pie Co. is raising funds on MainVest. It is a bakery in Denver, Colorado that makes sweet and savory pies. The business makes hot and fresh pies using honest and high-quality ingredients, including butter, local fruits and vegetables, clean meats, cheeses, and eggs. Legacy Pie Co. is also focused on sustainable solutions like in-store composting and recyclable packaging and offers people-first hospitality. Elias Lehnert and Rachel Lehnert founded Legacy Pie Co. in May 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used to upgrade and expand the bakery with equipment and buildout.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$782,501 |
$40,019 |
|
COGS |
$272,370 |
$3,439 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$34,682 |
$-81,357 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$251,013 |
$34,041 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$252,988 |
$53,469 |
|
Short-Term Debt |
$9,604 |
$945 |
|
Long-Term Debt |
$257,917 |
$129,544 |
|
Total Liabilities |
$267,521 |
$130,489 |
Financials as of: 11/02/2022
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