Mo Pie
Bakery
Overview
Raised: $27,400
Total Commitments ($USD)
Platform
MainVest
Start Date
01/10/2024
Close Date
04/30/2024
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
1.60%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$249
# of Investors
51
Momentum
Not Funded
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Year Founded
2007
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Mo Pie is raising funds on MainVest. It is a bakery in Leawood, Kansas, that makes delicious pies. Mo Pie offerings include traditional flavors like apple and pumpkin and unique new flavors like white chocolate strawberry cream and Red berry rhubarb. The business sells its pies through retail grocery stores and farmers’ markets and plans to open a brick-and-mortar location soon. Curt Lafferty founded Mo Pie in May 2007. The current crowdfunding campaign has a minimum target of $123,000 and a maximum target of $124,000. The campaign proceeds will be used for operating capital, equipment purchases, and tenant improvements.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$606,688 |
$529,865 |
|
COGS |
$265,776 |
$256,265 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-18,015 |
$-183,808 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$32,253 |
$3,984 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$282,533 |
$240,667 |
|
Short-Term Debt |
$27,584 |
$49,534 |
|
Long-Term Debt |
$559,679 |
$625,156 |
|
Total Liabilities |
$587,263 |
$674,690 |
Financials as of: 01/10/2024
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