Maxfield Bakery
Bakery
Overview
Raised: $43,570
Total Commitments ($USD)
Platform
SMBX
Start Date
03/06/2023
Close Date
04/21/2023
Min. Goal
$30,000
Max. Goal
$80,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
9.50%
Term Length
2.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$968
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Maxfield Bakery is raising funds on SMBX. The bakery is based in Miami, Florida, and makes beloved Jamaican snacks, including the Spiced Bun and Easter Bun. The Spiced Bun and the Easter Bun are made using traditional Jamaican techniques and Jamaican flavors. They are a part of Jamaican traditions and are spreading the culture and taste across the US. Herma Perkins founded Maxfield Bakery in October 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $80,000. The campaign proceeds will be used for additional inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$120,540 |
$96,924 |
|
COGS |
$90,363 |
$67,461 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$20,310 |
$24,900 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,324 |
$28,136 |
|
Accounts Receivable |
$23,343 |
$0 |
|
Total Assets |
$35,523 |
$56,735 |
|
Short-Term Debt |
$2,460 |
$43,159 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,460 |
$43,159 |
Financials as of: 03/06/2023
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