Overview
Raised: $137,300
Total Commitments ($USD)
Platform
MainVest
Start Date
09/26/2023
Close Date
01/31/2024
Min. Goal
$30,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Series A
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
2.70%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/03/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,090
# of Investors
179
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Legacy Pie Co. is raising funds on MainVest. It is a bakery in Denver, Colorado, that makes sweet and savory pies. Legacy Pie Co. makes hot and fresh pies using honest and high-quality ingredients, including butter, local fruits and vegetables, clean meats, cheeses, and eggs. The business 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 $30,000 and a maximum target of $200,000. The campaign proceeds will be used for equipment and buildout at the second location and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,206,881 |
$759,257 |
|
COGS |
$479,490 |
$272,370 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$63,559 |
$-3,150 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$315,334 |
$251,013 |
|
Accounts Receivable |
$750,000 |
$0 |
|
Total Assets |
$1,302,817 |
$1,097,783 |
|
Short-Term Debt |
$354,803 |
$180,764 |
|
Long-Term Debt |
$703,813 |
$968,637 |
|
Total Liabilities |
$1,058,616 |
$1,149,401 |
Financials as of: 09/26/2023
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