Misha's Cupcakes

Misha's Cupcakes

Bakery

Bakery

Overview

Raised this Round: Raised: $7,411

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/26/2024

Close Date

10/18/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.00%

Term Length

3.0 years

Year Founded

2006

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Miami, Florida

Business Type

Life Style

Misha’s Cupcakes is raising funds on Honeycomb. It is a woman-owned bakery that sells its cakes and cupcakes through its six locations in Florida. Misha’s Cupcakes also wholesales to retail grocers, including Farm Stores, Whole Foods, and Milams, and its four cupcake vending machines at locations including the Miami International Airport and Florida International University. The business has won several awards and has been featured on Deco Drive, Telemundo, Univision, and Goldbelly. Misha Kuryla founded Misha’s Cupcakes in November 2006. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to expand to a new location and combine the commissary into a storefront on a high-traffic street.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,902,370

$3,320,778

COGS

$1,156,397

$965,022

Tax

$0

$0

 

 

Net Income

$-395,478

$-767,169

Summary Balance Sheet

FY 2023 FY 2022

Cash

$79,939

$350,036

Accounts Receivable

$0

$0

Total Assets

$842,021

$1,002,542

Short-Term Debt

$369,429

$88,795

Long-Term Debt

$1,303,188

$1,324,808

Total Liabilities

$1,672,617

$1,413,603

Financials as of: 08/26/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Misha's Cupcakes 10/18/2024 Honeycomb - $7,411 Debt Active RegCF

No prior online funding rounds.

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Misha’s Cupcakes on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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