Loba Pastry + Coffee
Early Stage
Bakery
Analytics
Raised: $34,600
Aggregate Commitments $
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
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Active
Reporting Date
08/17/2022
Days Remaining
26
% of Min. Goal
138%
% of Max. Goal
69%
Likelihood of Max
Avg. Daily Raise
$1,504
Momentum
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Location
Chicago, Illinois
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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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