Olive & Poppy Bakery

Olive & Poppy Bakery

Bakery

Bakery

Overview

Raised to Date: Raised: $2,650

Total Commitments ($USD)

Platform

Honeycomb

Start Date

04/25/2024

Close Date

05/25/2024

Min. Goal
$25,000
Max. Goal
$27,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.50%

Term Length

3.0 years

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/25/2024

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$91

# of Investors

7

Momentum
Not Funded
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Year Founded

2023

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

El Paso, Texas

Business Type

Life Style

Olive & Poppy Bakery is raising funds on Honeycomb. It is an Italian-inspired home bakery in El Paso, Texas. Olive & Poppy Bakery draws inspiration from the rich and simple flavors of Italy and creates its food using premium quality ingredients and authentic flavors. The bakery specializes in a variety of Italian desserts, including its signature Olive & Poppy cake and homemade gelato, and has garnered rave reviews for its offerings. Brian Aguirre founded Olive & Poppy Bakery in September 2023. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $27,000. The campaign proceeds will be used to rent a commercial kitchen space, purchase baking equipment, purchase a cold storage unit for markets, expand and refine the product line, and fund packaging, branding, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,609

$0

COGS

$521

$0

Tax

$0

$0

 

 

Net Income

$1,043

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$900

$0

Accounts Receivable

$0

$0

Total Assets

$3,850

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/25/2024
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Olive & Poppy Bakery on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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