Paul Cassell Bakes
About this raise
Paul Cassell Bakes is raising funds on SMBX. The bakery in Woodland Hills, California, is known for its delicious cookies. Paul Cassell Bakes has clients in the Hollywood community and sells about 300-600 cookies weekly. The business sells through restaurants, private clients, friends, and wholesale and plans to expand its operations further. Paul Cassell founded Paul Cassell Bakes in January 2023. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $50,000. The campaign proceeds will be used for marketing and purchasing new equipment to increase production.
Investment Overview
Invested : $29,720
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 07/29/2024
- Close Date
- 08/27/2024
$10,000
$50,000
$10
Debt
Pre-Seed
RegCF
11.00%
3.0 years
Company & Team
Company
- Year Founded
- 2023
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $19,372
- Monthly Burn
- $157
-
Runway
- 2.9 months
- Gross Margin
- 38%
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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 |
|---|---|---|---|---|---|---|
| 08/27/2024 | SMBX | - | $29,720 | Debt | Funded | RegCF |