Loba Pastry + Coffee

Bakery

Overview

Raised to Date: Raised: $50,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

07/25/2022

Close Date

09/12/2022

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,020

# of Investors

52

Momentum
Funded
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Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Chicago, Illinois

Business Type

Life Style

Loba Pastry + Coffee is raising funds on Honeycomb. It is a small-batch artisanal-grade bakery in Chicago, Illinois. The bakery serves an untraditional and ever-changing variety of pastries, breads, and drinks. Loba Pastry + Coffee uses high-quality ingredients sourced locally and ethically and caters to most dietary restrictions. The bakery has a loyal customer base and has been featured in many “Best of Chicago” lists, including the ones in TimeOut Chicago, Chicago Magazine, and Bon Apetite Magazine. Valeria Taylor founded Loba Pastry + Coffee in January 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for plumbing work, carpentry and furniture, oven installation, electrical work, and staffing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$297,438

$173,517

COGS

$24,405

$34,557

Tax

$0

$0

 

 

Net Income

$61,401

$-9,908

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$55,633

$27,587

Accounts Receivable

$0

$0

Total Assets

$70,524

$31,587

Short-Term Debt

$28,222

$9,641

Long-Term Debt

$40,400

$50,400

Total Liabilities

$68,622

$60,041

Financials as of: 07/25/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Loba Pastry + Coffee 03/23/2023 Honeycomb - $27,900 Debt Funded RegCF
Loba Pastry + Coffee 09/12/2022 Honeycomb - $50,000 Debt Funded RegCF
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Loba Pastry + Coffee on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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