Loxsmith Bagels

Early Stage

Bakeries

Analytics

Raised to Date: Raised: $60,000

Aggregate Commitments $

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

Funding Type

RegCF

Rolling Commitments $

Status
Funded
Reporting Date

11/23/2022

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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Location

Seattle, Washington

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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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Loxsmith Bagels on SMBX 2022
$
Platform: SMBX
Security Type: Debt

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