Maya's Bakes
Bakery
Overview
Raised: $850
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/13/2023
Close Date
12/25/2023
Min. Goal
$35,000
Max. Goal
$70,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.75%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/09/2023
Days Remaining
16
% of Min. Goal
2%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$33
# of Investors
8
Momentum
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Maya’s Bakes is raising funds on Honeycomb. It is a treat shop in Cincinnati, Ohio, that serves classic and nostalgic bakes to its customers. Maya’s Bakes offers a unique dessert experience that includes eating and creating, and keeping the love of the classics alive. The business has been profitable in 2022 and 2023 and is a top local product on DoorDash. Kemaya Molden founded Maya’s Bakes in January 2019. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $70,000. The campaign proceeds will be used for a production facility, rent and payroll, inventory and supplies, marketing, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$48,694 |
$12,092 |
|
COGS |
$4,469 |
$4,268 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$25,589 |
$-11 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$28,578 |
$11 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$28,578 |
$11 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/13/2023
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