Loxsmith Bagels
Bakeries
Overview
Raised: $60,000
Total Commitments ($USD)
Platform
SMBX
Start Date
10/12/2022
Close Date
11/02/2022
Min. Goal
$15,000
Max. Goal
$60,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/30/2022
Days Remaining
Funded
% of Min. Goal
400%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$2,857
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Loxsmith Bagels is raising funds on SMBX. The business sells its unique bagels and lox in Seattle, Washington. The creations of Loxsmith Bagels are a fusion of appetizing deli food with Asian cuisine and pay homage to the classics. The menu includes 20 bagels, smoked fish made with wild-caught King Salmon, bagel sandwiches, coffee, and babka. The business is focused on quality, value, and Asian-inspired combinations. Matthew Segal founded Loxsmith Bagels in July 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $30,000. The campaign proceeds will be used to purchase equipment for the new location in the Beacon Hill neighborhood of Seattle.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$109,101 |
$82,508 |
|
COGS |
$47,513 |
$2,165 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-23,472 |
$73,267 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,150 |
$2,512 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$18,390 |
$-4,246 |
|
Short-Term Debt |
$16,504 |
$2,464 |
|
Long-Term Debt |
$14,518 |
$0 |
|
Total Liabilities |
$31,022 |
$2,464 |
Financials as of: 10/12/2022
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