Pie King Cafe

Pie King Cafe

Bakery

Bakery

Overview

Raised this Round: Raised: $10,970

Total Commitments ($USD)

Platform

SMBX

Start Date

07/04/2024

Close Date

08/13/2024

Min. Goal
$10,000
Max. Goal
$75,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

2.0 years

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Charleston, South Carolina

Business Type

Life Style

Pie King Cafe is raising funds on SMBX. It is an old-world homestyle pie bakery in Charleston, South Carolina. Pie King Cafe specializes in its signature handmade crust and delicious pies made from scratch using high-quality ingredients. The business has a loyal customer base and ensures commitment, love, and taste in each pie. Toby Simmons founded Pie King Cafe in December 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $75,000. The campaign proceeds will be used for new staff and equipment.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$83,884

$0

COGS

$36,900

$0

Tax

$0

$0

 

 

Net Income

$-41,617

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,035

$0

Accounts Receivable

$2,644

$0

Total Assets

$46,400

$0

Short-Term Debt

$8,998

$0

Long-Term Debt

$14,580

$0

Total Liabilities

$23,578

$0

Financials as of: 07/04/2024
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Pie King Cafe on SMBX 2024
Platform: SMBX
Security Type: Debt

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