Patisserie Melanie

Patisserie Melanie

Closed: Sep. 2024

About this raise: Patisserie Melanie is raising funds on Honeycomb. It is an authentic French bakery and cafe in the heart of San Diego, California. Patisserie Melanie crafts its handmade menu in small batches using high-quality ingredients and uses French methods to create a one-of-a-kind culinary experience. The bakery has received several awards since its opening and has been featured in the San Diego Magazine, Eater San Diego, and Edible San Diego. Arthur Schwartz founded Patisserie Melanie in September 2019. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for patio upgrades, interior upgrades, new product development, marketing, services expansion, product expansion, and working capital.

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Investment Overview

Invested this round: $124,000

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
08/16/2024
Close Date
09/30/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.75%

Term Length

3.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
San Diego, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Melanie Dunn
Title
Executive Chef/Owner
Founder Name
Arthur Schwarz
Title
CFO/Owner

Financials

as of Fiscal Year 2023
 Revenue
$380,839
 Monthly Burn
$10,385
 Runway
1.7 months
Gross Margin
78%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$380,839

$0

COGS

$84,041

$20,747

Tax

$0

$0

 

 

Net Income

$-124,621

$-141,714

Summary Balance Sheet

FY 2023 FY 2022

Cash

$17,952

$35,732

Accounts Receivable

$0

$0

Total Assets

$1,224,348

$1,069,638

Short-Term Debt

$20,045

$0

Long-Term Debt

$596,412

$538,518

Total Liabilities

$616,457

$538,518

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2024 Honeycomb - $124,000 Debt Funded RegCF
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Patisserie Melanie on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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